SKIL vs VXZ: Correlation
Measured on weekly returns over the past three years, Skillsoft Corp. (SKIL) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKIL and VXZ?
On 3 years of weekly data the SKIL/VXZ correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. The 5-year figure is -0.23, and annualized covariance runs at -540.9 %².
Out of 10 assets tracked against SKIL, VXZ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with VXZ ahead by 42.5 points (-58.6% versus -16.1%). Risk is not evenly split, since SKIL carries 3.7 times the volatility of the other side.
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.
SKIL vs VXZ: side by side
| SKIL (Skillsoft Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -58.6% | -16.1% |
| 5-year return | -96.5% | -53.1% |
| Volatility (ann.) | 95.0% | 25.6% |
| Beta vs S&P 500 | 2.14 | -1.31 |
| Max drawdown (3Y) | -88.5% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SKIL | VXZ |
|---|---|---|
| 2022 | -85.8% | +0.5% |
| 2023 | -32.4% | -44.0% |
| 2024 | +36.3% | -12.7% |
| 2025 | -61.2% | +5.7% |
| 2026 | -28.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKIL and VXZ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SKIL and VXZ?
As of 2026-08-27, the correlation of weekly returns between SKIL and VXZ is -0.22 over 3 years, -0.17 over 1 year and -0.23 over 5 years.
Is VXZ a good diversifier for SKIL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/skil-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/skil-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SKIL correlations · VXZ correlations
