QSI vs VXZ: Correlation
Measured on weekly returns over the past three years, Quantum-Si Incorporated (QSI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QSI and VXZ?
On 3 years of weekly data the QSI/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. The 5-year figure is -0.29, and annualized covariance runs at -1058.0 %².
Among the 25 assets we track against QSI, VXZ sits near the bottom by co-movement, at rank #25. On 12-month performance VXZ holds a 14.7-point edge, -30.8% against -16.1%. One caveat on sizing: QSI is 6.0 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.
QSI vs VXZ: side by side
| QSI (Quantum-Si Incorporated) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -30.8% | -16.1% |
| 5-year return | -91.5% | -53.1% |
| Volatility (ann.) | 152.9% | 25.6% |
| Beta vs S&P 500 | 2.93 | -1.31 |
| Max drawdown (3Y) | -83.6% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QSI | VXZ |
|---|---|---|
| 2022 | -76.7% | +0.5% |
| 2023 | +9.8% | -44.0% |
| 2024 | +34.3% | -12.7% |
| 2025 | -59.3% | +5.7% |
| 2026 | -27.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QSI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between QSI and VXZ?
The QSI/VXZ correlation stands at -0.27 on a 3-year window (1 year: -0.34, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for QSI?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/qsi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qsi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QSI correlations · VXZ correlations
