RDNT vs VXZ: Correlation
Measured on weekly returns over the past three years, RadNet, Inc. (RDNT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDNT and VXZ?
Across a 3-year window, the weekly returns of RDNT and VXZ correlate at -0.38, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.41 lands near the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -418.9 %².
Among the 12 assets we track against RDNT, VXZ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months RDNT outperformed by 21.8 percentage points (+5.7% for RDNT against -16.1% for VXZ). Risk is not evenly split, since RDNT carries 1.7 times the volatility of the other side.
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.
RDNT vs VXZ: side by side
| RDNT (RadNet, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.7% | -16.1% |
| 5-year return | +146.0% | -53.1% |
| Volatility (ann.) | 42.6% | 25.6% |
| Beta vs S&P 500 | 1.29 | -1.31 |
| Max drawdown (3Y) | -46.8% | -36.4% |
| Market cap | $5.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDNT | VXZ |
|---|---|---|
| 2022 | -37.5% | +0.5% |
| 2023 | +84.7% | -44.0% |
| 2024 | +100.9% | -12.7% |
| 2025 | +2.2% | +5.7% |
| 2026 | +5.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDNT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between RDNT and VXZ?
The RDNT/VXZ correlation stands at -0.38 on a 3-year window (1 year: -0.41, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RDNT?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
A reading of -0.38 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/rdnt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rdnt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RDNT correlations · VXZ correlations
