PCT vs VXZ: Correlation
PureCycle Technologies, Inc. (PCT) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCT and VXZ?
Across a 3-year window, the weekly returns of PCT and VXZ correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -620.4 %².
Out of 12 assets tracked against PCT, VXZ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with VXZ ahead by 39.1 points (-55.2% versus -16.1%). Note the risk asymmetry: PCT runs 3.8 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.
PCT vs VXZ: side by side
| PCT (PureCycle Technologies, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -55.2% | -16.1% |
| 5-year return | -52.3% | -53.1% |
| Volatility (ann.) | 98.0% | 25.6% |
| Beta vs S&P 500 | 2.42 | -1.31 |
| Max drawdown (3Y) | -74.2% | -36.4% |
| Market cap | $1.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCT | VXZ |
|---|---|---|
| 2022 | -29.4% | +0.5% |
| 2023 | -40.1% | -44.0% |
| 2024 | +153.1% | -12.7% |
| 2025 | -16.2% | +5.7% |
| 2026 | -22.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.25, PCT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PCT and VXZ?
The PCT/VXZ correlation stands at -0.25 on a 3-year window (1 year: -0.28, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PCT?
Yes. With a correlation of -0.25, PCT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/pct-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pct-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PCT correlations · VXZ correlations
