ROK vs VXZ: Correlation
How closely do Rockwell Automation (ROK) 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 -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROK and VXZ?
Over the past 3 years, ROK and VXZ moved with a correlation of -0.44, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.44) sits close to the 3-year figure. Over 5 years the correlation is -0.49, and the annualized covariance of weekly returns is -315.3 %².
Out of 37 assets tracked against ROK, VXZ lands near the bottom at #36. The last year tells two different stories: ROK led by 41.8 percentage points, +25.7% for ROK against -16.1% for VXZ.
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.
ROK vs VXZ: side by side
| ROK (Rockwell Automation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.7% | -16.1% |
| 5-year return | +44.9% | -53.1% |
| Volatility (ann.) | 27.9% | 25.6% |
| Beta vs S&P 500 | 0.97 | -1.31 |
| Max drawdown (3Y) | -29.0% | -36.4% |
| Market cap | $48.2B | – |
| P/E (trailing) | 40.6 | – |
| Dividend yield | 1.26% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ROK | VXZ |
|---|---|---|
| 2022 | -24.8% | +0.5% |
| 2023 | +22.6% | -44.0% |
| 2024 | -6.2% | -12.7% |
| 2025 | +38.4% | +5.7% |
| 2026 | +12.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROK and VXZ good diversifiers for each other?
Yes: at -0.44, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ROK and VXZ?
Using weekly returns as of 2026-08-27: -0.44 over 3 years, with -0.44 over the last year and -0.49 over 5 years.
Is VXZ a good diversifier for ROK?
Yes: at -0.44, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.44 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/rok-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rok-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ROK correlations · VXZ correlations
