TASK vs VXZ: Correlation
How closely do TaskUs, Inc. (TASK) 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 -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TASK and VXZ?
On 3 years of weekly data the TASK/VXZ correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.38 over 1 year against -0.40 over 3. The 5-year figure is -0.35, and annualized covariance runs at -590.9 %².
Out of 13 assets tracked against TASK, VXZ lands near the bottom at #13. The trailing year gives VXZ the advantage: -27.6% versus -16.1%, a 11.5-point spread. Risk is not evenly split, since TASK carries 2.3 times the volatility of the other side.
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.
TASK vs VXZ: side by side
| TASK (TaskUs, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.6% | -16.1% |
| 5-year return | -78.6% | -53.1% |
| Volatility (ann.) | 58.0% | 25.6% |
| Beta vs S&P 500 | 1.30 | -1.31 |
| Max drawdown (3Y) | -63.0% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 6.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TASK | VXZ |
|---|---|---|
| 2022 | -68.7% | +0.5% |
| 2023 | -22.7% | -44.0% |
| 2024 | +29.6% | -12.7% |
| 2025 | -30.4% | +5.7% |
| 2026 | +6.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TASK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.40, TASK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TASK and VXZ?
As of 2026-08-27, the correlation of weekly returns between TASK and VXZ is -0.40 over 3 years, -0.38 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for TASK?
Yes. With a correlation of -0.40, TASK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 mean?
A reading of -0.40 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/task-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/task-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TASK correlations · VXZ correlations
