ORCL vs VXZ: Correlation
Oracle Corporation (ORCL) 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 ORCL and VXZ?
Over the past 3 years, ORCL and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -335.6 %².
Out of 30 assets tracked against ORCL, VXZ lands near the bottom at #27. The last year tells two different stories: VXZ led by 18.7 percentage points, -34.8% for ORCL against -16.1% for VXZ. Risk is not evenly split, since ORCL carries 1.9 times the volatility of the other side.
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.
ORCL vs VXZ: side by side
| ORCL (Oracle Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.8% | -16.1% |
| 5-year return | +81.7% | -53.1% |
| Volatility (ann.) | 49.9% | 25.6% |
| Beta vs S&P 500 | 1.71 | -1.31 |
| Max drawdown (3Y) | -64.6% | -36.4% |
| Market cap | $437.7B | – |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 1.34% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ORCL | VXZ |
|---|---|---|
| 2022 | -4.6% | +0.5% |
| 2023 | +30.9% | -44.0% |
| 2024 | +60.0% | -12.7% |
| 2025 | +18.1% | +5.7% |
| 2026 | -21.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORCL and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, ORCL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ORCL and VXZ?
As of 2026-08-27, the correlation of weekly returns between ORCL and VXZ is -0.26 over 3 years, -0.19 over 1 year and -0.34 over 5 years.
Is VXZ a good diversifier for ORCL?
Yes. With a correlation of -0.26, ORCL 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/orcl-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/orcl-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ORCL correlations · VXZ correlations
