RBRK vs VXZ: Correlation
Rubrik, Inc. (RBRK) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RBRK and VXZ?
Across a 3-year window, the weekly returns of RBRK and VXZ correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.24) runs above the 3-year figure (-0.34). Stretching to 5 years gives n/a, with an annualized covariance of -552.2 %².
Among the 20 assets we track against RBRK, VXZ sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with RBRK ahead by 38.4 points (+22.3% versus -16.1%). One caveat on sizing: RBRK is 2.5 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.
RBRK vs VXZ: side by side
| RBRK (Rubrik, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +22.3% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 63.9% | 25.6% |
| Beta vs S&P 500 | 1.92 | -1.31 |
| Max drawdown (3Y) | -56.1% | -36.4% |
| Market cap | $22.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RBRK | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | +17.0% | +5.7% |
| 2026 | +39.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RBRK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.34, RBRK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RBRK and VXZ?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is VXZ a good diversifier for RBRK?
Yes. With a correlation of -0.34, RBRK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 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/rbrk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rbrk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RBRK correlations · VXZ correlations
