SOUN vs VXZ: Correlation
SoundHound AI, Inc. (SOUN) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOUN and VXZ?
Across a 3-year window, the weekly returns of SOUN and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -893.6 %².
Out of 13 assets tracked against SOUN, VXZ lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with VXZ ahead by 23.3 points (-39.4% versus -16.1%). One caveat on sizing: SOUN is 4.5 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.
SOUN vs VXZ: side by side
| SOUN (SoundHound AI, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -39.4% | -16.1% |
| 5-year return | -3.7% | -53.1% |
| Volatility (ann.) | 114.8% | 25.6% |
| Beta vs S&P 500 | 3.35 | -1.31 |
| Max drawdown (3Y) | -76.5% | -36.4% |
| Market cap | $3.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SOUN | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | +19.8% | -44.0% |
| 2024 | +835.8% | -12.7% |
| 2025 | -49.7% | +5.7% |
| 2026 | -27.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOUN and VXZ good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SOUN and VXZ?
As of 2026-08-27, the correlation of weekly returns between SOUN and VXZ is -0.30 over 3 years, -0.39 over 1 year and -0.19 over 5 years.
Is VXZ a good diversifier for SOUN?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/soun-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/soun-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SOUN correlations · VXZ correlations
