INSG vs VXZ: Correlation
How closely do Inseego Corp. (INSG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSG and VXZ?
On 3 years of weekly data the INSG/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.30 over 3. The 5-year figure is -0.29, and annualized covariance runs at -766.7 %².
Among the 10 assets we track against INSG, VXZ sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 48.3 percentage points (-64.4% for INSG against -16.1% for VXZ). One caveat on sizing: INSG is 3.9 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.
INSG vs VXZ: side by side
| INSG (Inseego Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -64.4% | -16.1% |
| 5-year return | -94.8% | -53.1% |
| Volatility (ann.) | 100.6% | 25.6% |
| Beta vs S&P 500 | 2.19 | -1.31 |
| Max drawdown (3Y) | -80.2% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 31.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSG | VXZ |
|---|---|---|
| 2022 | -85.6% | +0.5% |
| 2023 | -73.8% | -44.0% |
| 2024 | +366.4% | -12.7% |
| 2025 | +0.1% | +5.7% |
| 2026 | -57.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSG and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, INSG and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INSG and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.27 over the last year and -0.29 over 5 years.
Is VXZ a good diversifier for INSG?
Yes. With a correlation of -0.30, INSG and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/insg-vs-vxz.json
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[](https://www.pairbook.io/pair/insg-vs-vxz/)
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Related comparisons
Hubs: INSG correlations · VXZ correlations
