IBM vs VXZ: Correlation
Measured on weekly returns over the past three years, IBM (IBM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBM and VXZ?
On 3 years of weekly data the IBM/VXZ correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. The 5-year figure is -0.25, and annualized covariance runs at -198.0 %².
By 3-year correlation, VXZ places #22 of the 28 assets tracked against IBM. Their recent paths diverged sharply: over the last 12 months IBM outperformed by 16.2 percentage points (+0.1% for IBM 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.
IBM vs VXZ: side by side
| IBM (IBM) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.1% | -16.1% |
| 5-year return | +117.6% | -53.1% |
| Volatility (ann.) | 34.7% | 25.6% |
| Beta vs S&P 500 | 0.78 | -1.31 |
| Max drawdown (3Y) | -37.5% | -36.4% |
| Market cap | $225.0B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 2.93% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IBM | VXZ |
|---|---|---|
| 2022 | +10.6% | +0.5% |
| 2023 | +21.8% | -44.0% |
| 2024 | +39.3% | -12.7% |
| 2025 | +38.2% | +5.7% |
| 2026 | -17.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBM and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBM and VXZ?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.32 over the last year and -0.25 over 5 years.
Is VXZ a good diversifier for IBM?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibm-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibm-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBM correlations · VXZ correlations
