III vs VXZ: Correlation
Measured on weekly returns over the past three years, Information Services Group, Inc. (III) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are III and VXZ?
Over the past 3 years, III and VXZ moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.48) sits close to the 3-year figure. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -373.1 %².
Out of 16 assets tracked against III, VXZ lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with III ahead by 21.7 points (+5.6% versus -16.1%).
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.
III vs VXZ: side by side
| III (Information Services Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.6% | -16.1% |
| 5-year return | -14.6% | -53.1% |
| Volatility (ann.) | 38.4% | 25.6% |
| Beta vs S&P 500 | 0.99 | -1.31 |
| Max drawdown (3Y) | -41.5% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 3.63% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | III | VXZ |
|---|---|---|
| 2022 | -38.1% | +0.5% |
| 2023 | +6.2% | -44.0% |
| 2024 | -25.3% | -12.7% |
| 2025 | +79.8% | +5.7% |
| 2026 | -10.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are III and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between III and VXZ?
The III/VXZ correlation stands at -0.38 on a 3-year window (1 year: -0.48, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for III?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
A reading of -0.38 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/iii-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iii-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: III correlations · VXZ correlations
