STRT vs VXZ: Correlation
How closely do STRATTEC SECURITY CORPORATION (STRT) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STRT and VXZ?
Over the past 3 years, STRT and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.26 over 3. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -377.0 %².
Among the 11 assets we track against STRT, VXZ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: STRT led by 21.3 percentage points, +5.2% for STRT against -16.1% for VXZ. One caveat on sizing: STRT is 2.2 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.
STRT vs VXZ: side by side
| STRT (STRATTEC SECURITY CORPORATION) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.2% | -16.1% |
| 5-year return | +89.4% | -53.1% |
| Volatility (ann.) | 56.1% | 25.6% |
| Beta vs S&P 500 | 1.15 | -1.31 |
| Max drawdown (3Y) | -36.8% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 14.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STRT | VXZ |
|---|---|---|
| 2022 | -44.5% | +0.5% |
| 2023 | +23.3% | -44.0% |
| 2024 | +62.6% | -12.7% |
| 2025 | +84.8% | +5.7% |
| 2026 | -7.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STRT and VXZ good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between STRT and VXZ?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.29 over the last year and -0.26 over 5 years.
Is VXZ a good diversifier for STRT?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/strt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/strt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STRT correlations · VXZ correlations
