PHG vs VXZ: Correlation
Koninklijke Philips N.V. NY Registry Shares (PHG) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHG and VXZ?
Over the past 3 years, PHG and VXZ moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.42 over 1 year against -0.32 over 3. Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -274.3 %².
Among the 14 assets we track against PHG, VXZ sits near the bottom by co-movement, at rank #14. The last year tells two different stories: PHG led by 17.1 percentage points, +1.0% for PHG 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.
PHG vs VXZ: side by side
| PHG (Koninklijke Philips N.V. NY Registry Shares) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.0% | -16.1% |
| 5-year return | -32.8% | -53.1% |
| Volatility (ann.) | 33.4% | 25.6% |
| Beta vs S&P 500 | 0.92 | -1.31 |
| Max drawdown (3Y) | -33.8% | -36.4% |
| Market cap | $26.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 3.15% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHG | VXZ |
|---|---|---|
| 2022 | -57.6% | +0.5% |
| 2023 | +55.6% | -44.0% |
| 2024 | +8.5% | -12.7% |
| 2025 | +11.2% | +5.7% |
| 2026 | +3.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between PHG and VXZ?
The PHG/VXZ correlation stands at -0.32 on a 3-year window (1 year: -0.42, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PHG?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/phg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PHG correlations · VXZ correlations
