SOXX vs VXZ: Correlation
How closely do iShares Semiconductor ETF (SOXX) 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 -0.59, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and VXZ?
On 3 years of weekly data the SOXX/VXZ correlation comes out at -0.59, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.45 versus -0.59 over 3 years. The 5-year figure is -0.57, and annualized covariance runs at -529.7 %².
Among the 127 assets we track against SOXX, VXZ sits near the bottom by co-movement, at rank #125. The last year tells two different stories: SOXX led by 126.1 percentage points, +110.0% for SOXX 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.
SOXX vs VXZ: side by side
| SOXX (iShares Semiconductor ETF) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +110.0% | -16.1% |
| 5-year return | +247.5% | -53.1% |
| Volatility (ann.) | 35.2% | 25.6% |
| Beta vs S&P 500 | 1.93 | -1.31 |
| Max drawdown (3Y) | -41.4% | -36.4% |
| Dividend yield | 0.29% | – |
| Expense ratio | 0.33% | – |
| Assets under management | $44.7B | – |
| Sector / category | ETF · Thematic | US Listed |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | SOXX | VXZ |
|---|---|---|
| 2022 | -35.1% | +0.5% |
| 2023 | +67.1% | -44.0% |
| 2024 | +12.9% | -12.7% |
| 2025 | +40.7% | +5.7% |
| 2026 | +74.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOXX and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
FAQ
What is the correlation between SOXX and VXZ?
As of 2026-08-27, the correlation of weekly returns between SOXX and VXZ is -0.59 over 3 years, -0.45 over 1 year and -0.57 over 5 years.
Is VXZ a good diversifier for SOXX?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
What does a correlation of -0.59 mean?
A reading of -0.59 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/soxx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/soxx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SOXX correlations · VXZ correlations
