RVTY vs VXZ: Correlation
Measured on weekly returns over the past three years, Revvity (RVTY) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVTY and VXZ?
Over the past 3 years, RVTY and VXZ moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.24 over 3 years. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -205.8 %².
Out of 39 assets tracked against RVTY, VXZ lands near the bottom at #38. The last year tells two different stories: RVTY led by 62.9 percentage points, +46.8% for RVTY 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.
RVTY vs VXZ: side by side
| RVTY (Revvity) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +46.8% | -16.1% |
| 5-year return | -30.2% | -53.1% |
| Volatility (ann.) | 34.2% | 25.6% |
| Beta vs S&P 500 | 0.81 | -1.31 |
| Max drawdown (3Y) | -35.3% | -36.4% |
| Market cap | $14.5B | – |
| P/E (trailing) | 62.4 | – |
| Dividend yield | 0.22% | – |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | RVTY | VXZ |
|---|---|---|
| 2022 | -30.1% | +0.5% |
| 2023 | -21.9% | -44.0% |
| 2024 | +2.4% | -12.7% |
| 2025 | -13.1% | +5.7% |
| 2026 | +34.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVTY and VXZ good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RVTY and VXZ?
The RVTY/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.41, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RVTY?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/rvty-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvty-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RVTY correlations · VXZ correlations
