INSE vs VXZ: Correlation
Measured on weekly returns over the past three years, Inspired Entertainment, Inc. (INSE) 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 INSE and VXZ?
On 3 years of weekly data the INSE/VXZ correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.41 lands near the 3-year figure. The 5-year figure is -0.39, and annualized covariance runs at -441.8 %².
VXZ is close to the least connected end of INSE's tracked universe, ranking #10 of 11. The last year tells two different stories: VXZ led by 19.7 percentage points, -35.8% for INSE against -16.1% for VXZ. Risk is not evenly split, since INSE carries 1.8 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.
INSE vs VXZ: side by side
| INSE (Inspired Entertainment, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -35.8% | -16.1% |
| 5-year return | -52.5% | -53.1% |
| Volatility (ann.) | 45.1% | 25.6% |
| Beta vs S&P 500 | 1.37 | -1.31 |
| Max drawdown (3Y) | -56.8% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSE | VXZ |
|---|---|---|
| 2022 | -2.2% | +0.5% |
| 2023 | -22.0% | -44.0% |
| 2024 | -8.4% | -12.7% |
| 2025 | +3.4% | +5.7% |
| 2026 | -37.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSE and VXZ good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INSE and VXZ?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.41 over the last year and -0.39 over 5 years.
Is VXZ a good diversifier for INSE?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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/inse-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inse-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INSE correlations · VXZ correlations
