INFU vs VXZ: Correlation
Measured on weekly returns over the past three years, InfuSystems Holdings, Inc. (INFU) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INFU and VXZ?
Across a 3-year window, the weekly returns of INFU and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.30 over 3 years. Stretching to 5 years gives -0.32, with an annualized covariance of -447.6 %².
Out of 15 assets tracked against INFU, VXZ lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months INFU outperformed by 32.7 percentage points (+16.6% for INFU against -16.1% for VXZ). One caveat on sizing: INFU is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
INFU vs VXZ: side by side
| INFU (InfuSystems Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.6% | -16.1% |
| 5-year return | -14.6% | -53.1% |
| Volatility (ann.) | 58.6% | 25.6% |
| Beta vs S&P 500 | 1.46 | -1.31 |
| Max drawdown (3Y) | -56.8% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 30.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INFU | VXZ |
|---|---|---|
| 2022 | -49.0% | +0.5% |
| 2023 | +21.4% | -44.0% |
| 2024 | -19.8% | -12.7% |
| 2025 | +6.2% | +5.7% |
| 2026 | +34.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INFU and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, INFU and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INFU and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.12 over the last year and -0.32 over 5 years.
Is VXZ a good diversifier for INFU?
Yes. With a correlation of -0.30, INFU and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 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/infu-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/infu-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INFU correlations · VXZ correlations
