INTA vs VXZ: Correlation
How closely do Intapp, Inc. (INTA) 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 -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTA and VXZ?
Over the past 3 years, INTA and VXZ moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.37). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -527.3 %².
VXZ is close to the least connected end of INTA's tracked universe, ranking #17 of 18. On 12-month performance INTA holds a 8.3-point edge, -7.8% against -16.1%. Risk is not evenly split, since INTA carries 2.2 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.
INTA vs VXZ: side by side
| INTA (Intapp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.8% | -16.1% |
| 5-year return | +24.6% | -53.1% |
| Volatility (ann.) | 55.5% | 25.6% |
| Beta vs S&P 500 | 1.45 | -1.31 |
| Max drawdown (3Y) | -74.2% | -36.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INTA | VXZ |
|---|---|---|
| 2022 | -0.9% | +0.5% |
| 2023 | +52.4% | -44.0% |
| 2024 | +68.6% | -12.7% |
| 2025 | -28.5% | +5.7% |
| 2026 | -4.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTA and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between INTA and VXZ?
As of 2026-08-27, the correlation of weekly returns between INTA and VXZ is -0.37 over 3 years, -0.09 over 1 year and -0.31 over 5 years.
Is VXZ a good diversifier for INTA?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
A reading of -0.37 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/inta-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inta-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INTA correlations · VXZ correlations
