MSI vs VXZ: Correlation
Motorola Solutions (MSI) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSI and VXZ?
On 3 years of weekly data the MSI/VXZ correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.20) than the 3-year average (-0.39). The 5-year figure is -0.44, and annualized covariance runs at -218.2 %².
Among the 32 assets we track against MSI, VXZ sits near the bottom by co-movement, at rank #32. The last year tells two different stories: MSI led by 22.0 percentage points, +5.9% for MSI 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.
MSI vs VXZ: side by side
| MSI (Motorola Solutions) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.9% | -16.1% |
| 5-year return | +111.1% | -53.1% |
| Volatility (ann.) | 22.1% | 25.6% |
| Beta vs S&P 500 | 0.61 | -1.31 |
| Max drawdown (3Y) | -27.0% | -36.4% |
| Market cap | $80.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.97% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MSI | VXZ |
|---|---|---|
| 2022 | -3.8% | +0.5% |
| 2023 | +23.0% | -44.0% |
| 2024 | +49.1% | -12.7% |
| 2025 | -16.2% | +5.7% |
| 2026 | +27.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSI and VXZ good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MSI and VXZ?
As of 2026-08-27, the correlation of weekly returns between MSI and VXZ is -0.39 over 3 years, -0.20 over 1 year and -0.44 over 5 years.
Is VXZ a good diversifier for MSI?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
A reading of -0.39 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/msi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MSI correlations · VXZ correlations
