INTR vs VXZ: Correlation
Inter & Co. Inc. - Class A (INTR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTR and VXZ?
On 3 years of weekly data the INTR/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.26 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -290.2 %².
Among the 13 assets we track against INTR, VXZ sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with VXZ ahead by 19.0 points (-35.1% versus -16.1%). Note the risk asymmetry: INTR runs 1.7 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.
INTR vs VXZ: side by side
| INTR (Inter & Co. Inc. - Class A) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -35.1% | -16.1% |
| 5-year return | +59.8% | -53.1% |
| Volatility (ann.) | 43.3% | 25.6% |
| Beta vs S&P 500 | 0.64 | -1.31 |
| Max drawdown (3Y) | -49.9% | -36.4% |
| Market cap | $2.4B | – |
| P/E (trailing) | 8.3 | – |
| Dividend yield | 11.27% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INTR | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | +134.6% | -44.0% |
| 2024 | -23.7% | -12.7% |
| 2025 | +104.0% | +5.7% |
| 2026 | -35.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, INTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INTR and VXZ?
The INTR/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.43, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for INTR?
Yes. With a correlation of -0.26, INTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/intr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/intr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INTR correlations · VXZ correlations
