IBKR vs VXZ: Correlation
Interactive Brokers (IBKR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBKR and VXZ?
Across a 3-year window, the weekly returns of IBKR and VXZ correlate at -0.43, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.52) sits close to the 3-year figure. Stretching to 5 years gives -0.44, with an annualized covariance of -371.7 %².
Among the 32 assets we track against IBKR, VXZ sits near the bottom by co-movement, at rank #30. Their recent paths diverged sharply: over the last 12 months IBKR outperformed by 73.1 percentage points (+57.0% for IBKR against -16.1% for VXZ).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
IBKR vs VXZ: side by side
| IBKR (Interactive Brokers) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +57.0% | -16.1% |
| 5-year return | +516.0% | -53.1% |
| Volatility (ann.) | 33.9% | 25.6% |
| Beta vs S&P 500 | 1.37 | -1.31 |
| Max drawdown (3Y) | -38.7% | -36.4% |
| Market cap | $164.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.34% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | IBKR | VXZ |
|---|---|---|
| 2022 | -8.4% | +0.5% |
| 2023 | +15.1% | -44.0% |
| 2024 | +114.4% | -12.7% |
| 2025 | +46.4% | +5.7% |
| 2026 | +50.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBKR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBKR and VXZ?
The IBKR/VXZ correlation stands at -0.43 on a 3-year window (1 year: -0.52, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for IBKR?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
What does a correlation of -0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibkr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibkr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBKR correlations · VXZ correlations
