REKR vs VXZ: Correlation
How closely do Rekor Systems, Inc. (REKR) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REKR and VXZ?
On 3 years of weekly data the REKR/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.26). The 5-year figure is -0.29, and annualized covariance runs at -628.2 %².
VXZ is close to the least connected end of REKR's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with VXZ ahead by 36.1 points (-52.2% versus -16.1%). Note the risk asymmetry: REKR runs 3.7 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.
REKR vs VXZ: side by side
| REKR (Rekor Systems, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -52.2% | -16.1% |
| 5-year return | -94.2% | -53.1% |
| Volatility (ann.) | 95.4% | 25.6% |
| Beta vs S&P 500 | 2.31 | -1.31 |
| Max drawdown (3Y) | -86.1% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REKR | VXZ |
|---|---|---|
| 2022 | -81.7% | +0.5% |
| 2023 | +177.5% | -44.0% |
| 2024 | -53.2% | -12.7% |
| 2025 | -11.5% | +5.7% |
| 2026 | -58.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REKR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between REKR and VXZ?
The REKR/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.13, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for REKR?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/rekr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rekr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: REKR correlations · VXZ correlations
