SEIC vs VXZ: Correlation
Measured on weekly returns over the past three years, SEI Investments Company (SEIC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEIC and VXZ?
On 3 years of weekly data the SEIC/VXZ correlation comes out at -0.50, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.50). The 5-year figure is -0.54, and annualized covariance runs at -263.3 %².
VXZ is close to the least connected end of SEIC's tracked universe, ranking #13 of 14. The last year tells two different stories: SEIC led by 40.5 percentage points, +24.4% for SEIC 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.
SEIC vs VXZ: side by side
| SEIC (SEI Investments Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.4% | -16.1% |
| 5-year return | +89.5% | -53.1% |
| Volatility (ann.) | 20.7% | 25.6% |
| Beta vs S&P 500 | 0.91 | -1.31 |
| Max drawdown (3Y) | -23.3% | -36.4% |
| Market cap | $13.4B | – |
| P/E (trailing) | 19.6 | – |
| Dividend yield | 0.94% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SEIC | VXZ |
|---|---|---|
| 2022 | -2.9% | +0.5% |
| 2023 | +10.6% | -44.0% |
| 2024 | +31.5% | -12.7% |
| 2025 | +0.6% | +5.7% |
| 2026 | +36.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEIC and VXZ good diversifiers for each other?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SEIC and VXZ?
The SEIC/VXZ correlation stands at -0.50 on a 3-year window (1 year: -0.22, 5 years: -0.54), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SEIC?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.50 mean?
On the −1 to +1 scale, -0.50 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/seic-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/seic-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SEIC correlations · VXZ correlations
