REZI vs VXZ: Correlation
Measured on weekly returns over the past three years, Resideo Technologies, Inc. (REZI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REZI and VXZ?
Over the past 3 years, REZI and VXZ moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.41 over 1 year against -0.41 over 3. Over 5 years the correlation is -0.40, and the annualized covariance of weekly returns is -518.8 %².
Out of 20 assets tracked against REZI, VXZ lands near the bottom at #19. Twelve-month performance is nearly a tie, at -17.3% for REZI and -16.1% for VXZ. Risk is not evenly split, since REZI carries 1.9 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.
REZI vs VXZ: side by side
| REZI (Resideo Technologies, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.3% | -16.1% |
| 5-year return | -11.7% | -53.1% |
| Volatility (ann.) | 48.9% | 25.6% |
| Beta vs S&P 500 | 1.58 | -1.31 |
| Max drawdown (3Y) | -47.1% | -36.4% |
| Market cap | $3.0B | – |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REZI | VXZ |
|---|---|---|
| 2022 | -36.8% | +0.5% |
| 2023 | +14.4% | -44.0% |
| 2024 | +22.5% | -12.7% |
| 2025 | +52.4% | +5.7% |
| 2026 | -18.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REZI and VXZ good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between REZI and VXZ?
The REZI/VXZ correlation stands at -0.41 on a 3-year window (1 year: -0.41, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for REZI?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 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/rezi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rezi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: REZI correlations · VXZ correlations
