INTC vs VXZ: Correlation
How closely do Intel (INTC) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTC and VXZ?
Over the past 3 years, INTC and VXZ moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -653.8 %².
VXZ is close to the least connected end of INTC's tracked universe, ranking #36 of 37. The last year tells two different stories: INTC led by 286.7 percentage points, +270.6% for INTC against -16.1% for VXZ. Note the risk asymmetry: INTC runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INTC vs VXZ: side by side
| INTC (Intel) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +270.6% | -16.1% |
| 5-year return | +85.4% | -53.1% |
| Volatility (ann.) | 63.0% | 25.6% |
| Beta vs S&P 500 | 2.01 | -1.31 |
| Max drawdown (3Y) | -63.8% | -36.4% |
| Market cap | $486.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | INTC | VXZ |
|---|---|---|
| 2022 | -46.6% | +0.5% |
| 2023 | +94.6% | -44.0% |
| 2024 | -59.6% | -12.7% |
| 2025 | +84.0% | +5.7% |
| 2026 | +149.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.41, INTC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INTC and VXZ?
As of 2026-08-27, the correlation of weekly returns between INTC and VXZ is -0.41 over 3 years, -0.32 over 1 year and -0.38 over 5 years.
Is VXZ a good diversifier for INTC?
Yes. With a correlation of -0.41, INTC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
A reading of -0.41 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/intc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/intc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INTC correlations · VXZ correlations
