RAMP vs VXZ: Correlation
How closely do LiveRamp Holdings, Inc. (RAMP) 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 RAMP and VXZ?
On 3 years of weekly data the RAMP/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.30 over 3 years. The 5-year figure is -0.36, and annualized covariance runs at -314.1 %².
VXZ is close to the least connected end of RAMP's tracked universe, ranking #11 of 12. Correlation aside, the last 12 months split them widely, with RAMP ahead by 54.2 points (+38.1% versus -16.1%). Note the risk asymmetry: RAMP runs 1.6 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.
RAMP vs VXZ: side by side
| RAMP (LiveRamp Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +38.1% | -16.1% |
| 5-year return | -22.9% | -53.1% |
| Volatility (ann.) | 40.4% | 25.6% |
| Beta vs S&P 500 | 1.07 | -1.31 |
| Max drawdown (3Y) | -48.2% | -36.4% |
| Market cap | $2.3B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RAMP | VXZ |
|---|---|---|
| 2022 | -51.1% | +0.5% |
| 2023 | +61.6% | -44.0% |
| 2024 | -19.8% | -12.7% |
| 2025 | -3.3% | +5.7% |
| 2026 | +28.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAMP 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 RAMP and VXZ?
The RAMP/VXZ correlation stands at -0.30 on a 3-year window (1 year: -0.10, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RAMP?
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/ramp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ramp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RAMP correlations · VXZ correlations
