SPT vs VXZ: Correlation
How closely do Sprout Social, Inc (SPT) 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 -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPT and VXZ?
On 3 years of weekly data the SPT/VXZ correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. The 5-year figure is -0.35, and annualized covariance runs at -496.9 %².
VXZ is close to the least connected end of SPT's tracked universe, ranking #24 of 24. Over the last 12 months VXZ came out ahead by 13.5 percentage points (-29.6% against -16.1%). Note the risk asymmetry: SPT runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SPT vs VXZ: side by side
| SPT (Sprout Social, Inc) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -29.6% | -16.1% |
| 5-year return | -91.0% | -53.1% |
| Volatility (ann.) | 55.5% | 25.6% |
| Beta vs S&P 500 | 1.43 | -1.31 |
| Max drawdown (3Y) | -92.5% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SPT | VXZ |
|---|---|---|
| 2022 | -37.7% | +0.5% |
| 2023 | +8.8% | -44.0% |
| 2024 | -50.0% | -12.7% |
| 2025 | -63.3% | +5.7% |
| 2026 | -2.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between SPT and VXZ?
The SPT/VXZ correlation stands at -0.35 on a 3-year window (1 year: -0.37, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SPT?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 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/spt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/spt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPT correlations · VXZ correlations
