RUM vs VXZ: Correlation
RUM Group Inc. (RUM) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RUM and VXZ?
On 3 years of weekly data the RUM/VXZ correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.29 over 3 years. The 5-year figure is -0.29, and annualized covariance runs at -745.8 %².
VXZ is close to the least connected end of RUM's tracked universe, ranking #14 of 15. The last year tells two different stories: RUM led by 41.0 percentage points, +24.9% for RUM against -16.1% for VXZ. Note the risk asymmetry: RUM runs 3.9 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.
RUM vs VXZ: side by side
| RUM (RUM Group Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.9% | -16.1% |
| 5-year return | -2.7% | -53.1% |
| Volatility (ann.) | 100.2% | 25.6% |
| Beta vs S&P 500 | 2.14 | -1.31 |
| Max drawdown (3Y) | -71.3% | -36.4% |
| Market cap | $4.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RUM | VXZ |
|---|---|---|
| 2022 | -45.1% | +0.5% |
| 2023 | -24.5% | -44.0% |
| 2024 | +189.8% | -12.7% |
| 2025 | -51.4% | +5.7% |
| 2026 | +49.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RUM and VXZ good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RUM and VXZ?
The RUM/VXZ correlation stands at -0.29 on a 3-year window (1 year: -0.43, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RUM?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rum-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rum-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RUM correlations · VXZ correlations
