LOGI vs VXZ: Correlation
Logitech International S.A. - Registered Shares (LOGI) 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 -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOGI and VXZ?
Across a 3-year window, the weekly returns of LOGI and VXZ correlate at -0.35, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.18) runs above the 3-year figure (-0.35). Stretching to 5 years gives -0.35, with an annualized covariance of -309.5 %².
VXZ is close to the least connected end of LOGI's tracked universe, ranking #10 of 12. Over the last 12 months LOGI came out ahead by 12.6 percentage points (-3.5% against -16.1%).
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.
LOGI vs VXZ: side by side
| LOGI (Logitech International S.A. - Registered Shares) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.5% | -16.1% |
| 5-year return | +0.1% | -53.1% |
| Volatility (ann.) | 34.3% | 25.6% |
| Beta vs S&P 500 | 1.24 | -1.31 |
| Max drawdown (3Y) | -37.6% | -36.4% |
| Market cap | $14.0B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.69% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOGI | VXZ |
|---|---|---|
| 2022 | -22.9% | +0.5% |
| 2023 | +55.3% | -44.0% |
| 2024 | -12.0% | -12.7% |
| 2025 | +23.5% | +5.7% |
| 2026 | -2.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOGI and VXZ good diversifiers for each other?
Yes. With a correlation of -0.35, LOGI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LOGI and VXZ?
The LOGI/VXZ correlation stands at -0.35 on a 3-year window (1 year: -0.18, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for LOGI?
Yes. With a correlation of -0.35, LOGI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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/logi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/logi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOGI correlations · VXZ correlations
