IDCC vs VXZ: Correlation
Measured on weekly returns over the past three years, InterDigital, Inc. (IDCC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDCC and VXZ?
Across a 3-year window, the weekly returns of IDCC and VXZ correlate at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Stretching to 5 years gives -0.31, with an annualized covariance of -268.4 %².
Out of 11 assets tracked against IDCC, VXZ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months IDCC outperformed by 41.3 percentage points (+25.2% for IDCC against -16.1% for VXZ). Risk is not evenly split, since IDCC carries 1.5 times the volatility of the other side.
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.
IDCC vs VXZ: side by side
| IDCC (InterDigital, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.2% | -16.1% |
| 5-year return | +406.1% | -53.1% |
| Volatility (ann.) | 38.9% | 25.6% |
| Beta vs S&P 500 | 0.92 | -1.31 |
| Max drawdown (3Y) | -36.5% | -36.4% |
| Market cap | $8.6B | – |
| P/E (trailing) | 39.4 | – |
| Dividend yield | 0.81% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDCC | VXZ |
|---|---|---|
| 2022 | -29.3% | +0.5% |
| 2023 | +123.7% | -44.0% |
| 2024 | +81.1% | -12.7% |
| 2025 | +66.0% | +5.7% |
| 2026 | +5.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDCC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between IDCC and VXZ?
As of 2026-08-27, the correlation of weekly returns between IDCC and VXZ is -0.27 over 3 years, -0.35 over 1 year and -0.31 over 5 years.
Is VXZ a good diversifier for IDCC?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/idcc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/idcc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IDCC correlations · VXZ correlations
