QLYS vs VXZ: Correlation
Qualys, Inc. (QLYS) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QLYS and VXZ?
On 3 years of weekly data the QLYS/VXZ correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.28 over 3 years. The 5-year figure is -0.28, and annualized covariance runs at -314.1 %².
Among the 13 assets we track against QLYS, VXZ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months QLYS outperformed by 56.1 percentage points (+40.0% for QLYS against -16.1% for VXZ). One caveat on sizing: QLYS 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.
QLYS vs VXZ: side by side
| QLYS (Qualys, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +40.0% | -16.1% |
| 5-year return | +62.5% | -53.1% |
| Volatility (ann.) | 43.5% | 25.6% |
| Beta vs S&P 500 | 1.09 | -1.31 |
| Max drawdown (3Y) | -63.0% | -36.4% |
| Market cap | $6.5B | – |
| P/E (trailing) | 30.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QLYS | VXZ |
|---|---|---|
| 2022 | -18.2% | +0.5% |
| 2023 | +74.9% | -44.0% |
| 2024 | -28.6% | -12.7% |
| 2025 | -5.2% | +5.7% |
| 2026 | +41.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QLYS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between QLYS and VXZ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.13 over the last year and -0.28 over 5 years.
Is VXZ a good diversifier for QLYS?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qlys-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qlys-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QLYS correlations · VXZ correlations
