SITM vs VXZ: Correlation
SiTime Corporation (SITM) 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 -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SITM and VXZ?
On 3 years of weekly data the SITM/VXZ correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.24) runs above the 3-year figure (-0.44). The 5-year figure is -0.43, and annualized covariance runs at -884.3 %².
Out of 13 assets tracked against SITM, VXZ lands near the bottom at #11. The last year tells two different stories: SITM led by 167.4 percentage points, +151.3% for SITM against -16.1% for VXZ. One caveat on sizing: SITM is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SITM vs VXZ: side by side
| SITM (SiTime Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +151.3% | -16.1% |
| 5-year return | +183.2% | -53.1% |
| Volatility (ann.) | 77.7% | 25.6% |
| Beta vs S&P 500 | 2.97 | -1.31 |
| Max drawdown (3Y) | -55.3% | -36.4% |
| Market cap | $18.0B | – |
| P/E (trailing) | 999.8 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SITM | VXZ |
|---|---|---|
| 2022 | -65.3% | +0.5% |
| 2023 | +20.1% | -44.0% |
| 2024 | +75.7% | -12.7% |
| 2025 | +64.6% | +5.7% |
| 2026 | +69.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SITM and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between SITM and VXZ?
The SITM/VXZ correlation stands at -0.44 on a 3-year window (1 year: -0.24, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SITM?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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/sitm-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sitm-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SITM correlations · VXZ correlations
