QCOM vs VXZ: Correlation
Measured on weekly returns over the past three years, Qualcomm (QCOM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCOM and VXZ?
Over the past 3 years, QCOM and VXZ moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.41 over 3 years. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -447.4 %².
Among the 41 assets we track against QCOM, VXZ sits near the bottom by co-movement, at rank #39. The last year tells two different stories: QCOM led by 21.4 percentage points, +5.3% for QCOM against -16.1% for VXZ. One caveat on sizing: QCOM is 1.7 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.
QCOM vs VXZ: side by side
| QCOM (Qualcomm) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.3% | -16.1% |
| 5-year return | +25.8% | -53.1% |
| Volatility (ann.) | 42.4% | 25.6% |
| Beta vs S&P 500 | 1.77 | -1.31 |
| Max drawdown (3Y) | -44.2% | -36.4% |
| Market cap | $176.0B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.19% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | QCOM | VXZ |
|---|---|---|
| 2022 | -38.6% | +0.5% |
| 2023 | +35.1% | -44.0% |
| 2024 | +8.3% | -12.7% |
| 2025 | +13.8% | +5.7% |
| 2026 | -2.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QCOM and VXZ good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QCOM and VXZ?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.19 over the last year and -0.42 over 5 years.
Is VXZ a good diversifier for QCOM?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/qcom-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qcom-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QCOM correlations · VXZ correlations
