IMMR vs VXZ: Correlation
Measured on weekly returns over the past three years, Immersion Corporation (IMMR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMMR and VXZ?
Across a 3-year window, the weekly returns of IMMR and VXZ correlate at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.44) sits close to the 3-year figure. Stretching to 5 years gives -0.31, with an annualized covariance of -358.1 %².
Among the 12 assets we track against IMMR, VXZ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: IMMR led by 32.2 percentage points, +16.1% for IMMR against -16.1% for VXZ. Risk is not evenly split, since IMMR 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.
IMMR vs VXZ: side by side
| IMMR (Immersion Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.1% | -16.1% |
| 5-year return | +17.7% | -53.1% |
| Volatility (ann.) | 38.6% | 25.6% |
| Beta vs S&P 500 | 1.14 | -1.31 |
| Max drawdown (3Y) | -56.9% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 55.6 | – |
| Dividend yield | 3.12% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMMR | VXZ |
|---|---|---|
| 2022 | +23.1% | +0.5% |
| 2023 | +3.4% | -44.0% |
| 2024 | +26.5% | -12.7% |
| 2025 | -18.3% | +5.7% |
| 2026 | +18.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMMR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.36, IMMR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMMR and VXZ?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.44 over the last year and -0.31 over 5 years.
Is VXZ a good diversifier for IMMR?
Yes. With a correlation of -0.36, IMMR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/immr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/immr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMMR correlations · VXZ correlations
