TACT vs VXZ: Correlation
TransAct Technologies Incorporated (TACT) 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 -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TACT and VXZ?
Across a 3-year window, the weekly returns of TACT and VXZ correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.23). Stretching to 5 years gives -0.25, with an annualized covariance of -247.0 %².
VXZ is close to the least connected end of TACT's tracked universe, ranking #10 of 11. The last year tells two different stories: TACT led by 39.6 percentage points, +23.5% for TACT against -16.1% for VXZ. Note the risk asymmetry: TACT runs 1.6 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.
TACT vs VXZ: side by side
| TACT (TransAct Technologies Incorporated) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +23.5% | -16.1% |
| 5-year return | -64.0% | -53.1% |
| Volatility (ann.) | 42.2% | 25.6% |
| Beta vs S&P 500 | 0.56 | -1.31 |
| Max drawdown (3Y) | -59.0% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TACT | VXZ |
|---|---|---|
| 2022 | -42.0% | +0.5% |
| 2023 | +10.4% | -44.0% |
| 2024 | -41.4% | -12.7% |
| 2025 | -2.2% | +5.7% |
| 2026 | +26.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TACT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between TACT and VXZ?
The TACT/VXZ correlation stands at -0.23 on a 3-year window (1 year: -0.09, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for TACT?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/tact-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tact-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TACT correlations · VXZ correlations
