SYM vs VXZ: Correlation
Symbotic Inc. (SYM) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYM and VXZ?
Across a 3-year window, the weekly returns of SYM and VXZ correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.26 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -576.3 %².
VXZ is close to the least connected end of SYM's tracked universe, ranking #10 of 12. Their 12-month results are close: -13.8% for SYM against -16.1% for VXZ. One caveat on sizing: SYM is 3.4 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.
SYM vs VXZ: side by side
| SYM (Symbotic Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -13.8% | -16.1% |
| 5-year return | +324.6% | -53.1% |
| Volatility (ann.) | 86.6% | 25.6% |
| Beta vs S&P 500 | 2.49 | -1.31 |
| Max drawdown (3Y) | -69.9% | -36.4% |
| Market cap | $24.9B | – |
| P/E (trailing) | 1028.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SYM | VXZ |
|---|---|---|
| 2022 | +19.4% | +0.5% |
| 2023 | +329.9% | -44.0% |
| 2024 | -53.8% | -12.7% |
| 2025 | +150.9% | +5.7% |
| 2026 | -30.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYM and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, SYM and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SYM and VXZ?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.28 over the last year and -0.15 over 5 years.
Is VXZ a good diversifier for SYM?
Yes. With a correlation of -0.26, SYM and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/sym-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sym-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SYM correlations · VXZ correlations
