SLAB vs VXZ: Correlation
How closely do Silicon Laboratories, Inc. (SLAB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLAB and VXZ?
On 3 years of weekly data the SLAB/VXZ correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.37). The 5-year figure is -0.39, and annualized covariance runs at -459.7 %².
Among the 16 assets we track against SLAB, VXZ sits near the bottom by co-movement, at rank #15. The last year tells two different stories: SLAB led by 72.9 percentage points, +56.8% for SLAB against -16.1% for VXZ. Risk is not evenly split, since SLAB carries 1.9 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.
SLAB vs VXZ: side by side
| SLAB (Silicon Laboratories, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.8% | -16.1% |
| 5-year return | +36.7% | -53.1% |
| Volatility (ann.) | 48.6% | 25.6% |
| Beta vs S&P 500 | 1.40 | -1.31 |
| Max drawdown (3Y) | -45.7% | -36.4% |
| Market cap | $7.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLAB | VXZ |
|---|---|---|
| 2022 | -34.3% | +0.5% |
| 2023 | -2.5% | -44.0% |
| 2024 | -6.1% | -12.7% |
| 2025 | +5.2% | +5.7% |
| 2026 | +67.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLAB and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between SLAB and VXZ?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.16 over the last year and -0.39 over 5 years.
Is VXZ a good diversifier for SLAB?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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/slab-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/slab-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLAB correlations · VXZ correlations
