SYNA vs VXZ: Correlation
Measured on weekly returns over the past three years, Synaptics Incorporated (SYNA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.51, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYNA and VXZ?
On 3 years of weekly data the SYNA/VXZ correlation comes out at -0.51, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.25) runs above the 3-year figure (-0.51). The 5-year figure is -0.47, and annualized covariance runs at -645.3 %².
VXZ is close to the least connected end of SYNA's tracked universe, ranking #31 of 32. The last year tells two different stories: SYNA led by 53.9 percentage points, +37.8% for SYNA against -16.1% for VXZ. One caveat on sizing: SYNA is 1.9 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.
SYNA vs VXZ: side by side
| SYNA (Synaptics Incorporated) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.8% | -16.1% |
| 5-year return | -48.2% | -53.1% |
| Volatility (ann.) | 49.6% | 25.6% |
| Beta vs S&P 500 | 2.15 | -1.31 |
| Max drawdown (3Y) | -64.2% | -36.4% |
| Market cap | $3.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SYNA | VXZ |
|---|---|---|
| 2022 | -67.1% | +0.5% |
| 2023 | +19.9% | -44.0% |
| 2024 | -33.1% | -12.7% |
| 2025 | -3.0% | +5.7% |
| 2026 | +31.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYNA and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
FAQ
What is the correlation between SYNA and VXZ?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.25 over the last year and -0.47 over 5 years.
Is VXZ a good diversifier for SYNA?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
What does a correlation of -0.51 mean?
A reading of -0.51 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/syna-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/syna-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SYNA correlations · VXZ correlations
