ITIC vs VXZ: Correlation
Investors Title Company (ITIC) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITIC and VXZ?
Across a 3-year window, the weekly returns of ITIC and VXZ correlate at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.38 over 3 years. Stretching to 5 years gives -0.41, with an annualized covariance of -320.9 %².
Out of 16 assets tracked against ITIC, VXZ lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months ITIC outperformed by 44.0 percentage points (+27.9% for ITIC against -16.1% for VXZ).
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.
ITIC vs VXZ: side by side
| ITIC (Investors Title Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.9% | -16.1% |
| 5-year return | +107.1% | -53.1% |
| Volatility (ann.) | 33.1% | 25.6% |
| Beta vs S&P 500 | 0.67 | -1.31 |
| Max drawdown (3Y) | -28.9% | -36.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 0.60% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITIC | VXZ |
|---|---|---|
| 2022 | -22.8% | +0.5% |
| 2023 | +14.3% | -44.0% |
| 2024 | +55.0% | -12.7% |
| 2025 | +9.7% | +5.7% |
| 2026 | +22.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITIC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.38, ITIC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ITIC and VXZ?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.27 over the last year and -0.41 over 5 years.
Is VXZ a good diversifier for ITIC?
Yes. With a correlation of -0.38, ITIC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/itic-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itic-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ITIC correlations · VXZ correlations
