SRAD vs VXZ: Correlation
Measured on weekly returns over the past three years, Sportradar Group AG - Class A (SRAD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRAD and VXZ?
Across a 3-year window, the weekly returns of SRAD and VXZ correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.29). Stretching to 5 years gives -0.40, with an annualized covariance of -311.8 %².
Out of 10 assets tracked against SRAD, VXZ lands near the bottom at #9. The last year tells two different stories: VXZ led by 43.1 percentage points, -59.2% for SRAD against -16.1% for VXZ. One caveat on sizing: SRAD is 1.6 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.
SRAD vs VXZ: side by side
| SRAD (Sportradar Group AG - Class A) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -59.2% | -16.1% |
| 5-year return | -49.0% | -53.1% |
| Volatility (ann.) | 42.2% | 25.6% |
| Beta vs S&P 500 | 0.97 | -1.31 |
| Max drawdown (3Y) | -61.2% | -36.4% |
| Market cap | $3.8B | – |
| P/E (trailing) | 213.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRAD | VXZ |
|---|---|---|
| 2022 | -43.3% | +0.5% |
| 2023 | +10.9% | -44.0% |
| 2024 | +56.9% | -12.7% |
| 2025 | +37.1% | +5.7% |
| 2026 | -46.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRAD and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between SRAD and VXZ?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.17 over the last year and -0.40 over 5 years.
Is VXZ a good diversifier for SRAD?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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/srad-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/srad-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SRAD correlations · VXZ correlations
