QTRX vs VXZ: Correlation
How closely do Quanterix Corporation (QTRX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTRX and VXZ?
Across a 3-year window, the weekly returns of QTRX and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.30 over 3. Stretching to 5 years gives -0.27, with an annualized covariance of -552.5 %².
Among the 12 assets we track against QTRX, VXZ sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with VXZ ahead by 26.6 points (-42.7% versus -16.1%). Note the risk asymmetry: QTRX runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
QTRX vs VXZ: side by side
| QTRX (Quanterix Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -42.7% | -16.1% |
| 5-year return | -94.7% | -53.1% |
| Volatility (ann.) | 73.1% | 25.6% |
| Beta vs S&P 500 | 1.18 | -1.31 |
| Max drawdown (3Y) | -91.6% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTRX | VXZ |
|---|---|---|
| 2022 | -67.3% | +0.5% |
| 2023 | +97.4% | -44.0% |
| 2024 | -61.1% | -12.7% |
| 2025 | -40.2% | +5.7% |
| 2026 | -58.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTRX and VXZ good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QTRX and VXZ?
The QTRX/VXZ correlation stands at -0.30 on a 3-year window (1 year: -0.25, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for QTRX?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/qtrx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qtrx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QTRX correlations · VXZ correlations
