QUIK vs VXZ: Correlation
How closely do QuickLogic Corporation (QUIK) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUIK and VXZ?
Across a 3-year window, the weekly returns of QUIK and VXZ correlate at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.34 over 3 years. Stretching to 5 years gives -0.35, with an annualized covariance of -574.8 %².
Out of 12 assets tracked against QUIK, VXZ lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months QUIK outperformed by 124.2 percentage points (+108.1% for QUIK against -16.1% for VXZ). One caveat on sizing: QUIK is 2.6 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.
QUIK vs VXZ: side by side
| QUIK (QuickLogic Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +108.1% | -16.1% |
| 5-year return | +89.6% | -53.1% |
| Volatility (ann.) | 66.7% | 25.6% |
| Beta vs S&P 500 | 1.92 | -1.31 |
| Max drawdown (3Y) | -76.9% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QUIK | VXZ |
|---|---|---|
| 2022 | +0.6% | +0.5% |
| 2023 | +169.6% | -44.0% |
| 2024 | -18.5% | -12.7% |
| 2025 | -46.8% | +5.7% |
| 2026 | +88.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUIK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.34, QUIK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QUIK and VXZ?
As of 2026-08-27, the correlation of weekly returns between QUIK and VXZ is -0.34 over 3 years, -0.18 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for QUIK?
Yes. With a correlation of -0.34, QUIK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/quik-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/quik-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QUIK correlations · VXZ correlations
