PSFE vs VXZ: Correlation
Paysafe Limited (PSFE) 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 PSFE and VXZ?
Across a 3-year window, the weekly returns of PSFE and VXZ correlate at -0.39, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.39 over 3. Stretching to 5 years gives -0.38, with an annualized covariance of -604.3 %².
Among the 13 assets we track against PSFE, VXZ sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 36.1 percentage points (-52.2% for PSFE against -16.1% for VXZ). One caveat on sizing: PSFE is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PSFE vs VXZ: side by side
| PSFE (Paysafe Limited) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -52.2% | -16.1% |
| 5-year return | -93.3% | -53.1% |
| Volatility (ann.) | 60.9% | 25.6% |
| Beta vs S&P 500 | 1.61 | -1.31 |
| Max drawdown (3Y) | -76.6% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSFE | VXZ |
|---|---|---|
| 2022 | -70.4% | +0.5% |
| 2023 | -7.9% | -44.0% |
| 2024 | +33.7% | -12.7% |
| 2025 | -52.7% | +5.7% |
| 2026 | -16.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSFE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between PSFE and VXZ?
The PSFE/VXZ correlation stands at -0.39 on a 3-year window (1 year: -0.32, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PSFE?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/psfe-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psfe-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSFE correlations · VXZ correlations
