PLTR vs VXZ: Correlation
Measured on weekly returns over the past three years, Palantir Technologies (PLTR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLTR and VXZ?
Across a 3-year window, the weekly returns of PLTR and VXZ correlate at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.25 versus -0.37 over 3 years. Stretching to 5 years gives -0.38, with an annualized covariance of -684.4 %².
Out of 36 assets tracked against PLTR, VXZ lands near the bottom at #34. The last year tells two different stories: PLTR led by 34.7 percentage points, +18.6% for PLTR against -16.1% for VXZ. Risk is not evenly split, since PLTR carries 2.8 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.
PLTR vs VXZ: side by side
| PLTR (Palantir Technologies) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +18.6% | -16.1% |
| 5-year return | +621.8% | -53.1% |
| Volatility (ann.) | 71.3% | 25.6% |
| Beta vs S&P 500 | 2.47 | -1.31 |
| Max drawdown (3Y) | -48.2% | -36.4% |
| Market cap | $446.8B | – |
| P/E (trailing) | 151.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PLTR | VXZ |
|---|---|---|
| 2022 | -64.7% | +0.5% |
| 2023 | +167.4% | -44.0% |
| 2024 | +340.5% | -12.7% |
| 2025 | +135.0% | +5.7% |
| 2026 | +4.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLTR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.37, PLTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PLTR and VXZ?
The PLTR/VXZ correlation stands at -0.37 on a 3-year window (1 year: -0.25, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PLTR?
Yes. With a correlation of -0.37, PLTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
A reading of -0.37 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/pltr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pltr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLTR correlations · VXZ correlations
