TATT vs VXZ: Correlation
Measured on weekly returns over the past three years, TAT Technologies Ltd. (TATT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TATT and VXZ?
On 3 years of weekly data the TATT/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.26 over 3. The 5-year figure is -0.29, and annualized covariance runs at -344.7 %².
VXZ is close to the least connected end of TATT's tracked universe, ranking #10 of 11. The last year tells two different stories: TATT led by 16.8 percentage points, +0.7% for TATT against -16.1% for VXZ. Risk is not evenly split, since TATT carries 2.0 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.
TATT vs VXZ: side by side
| TATT (TAT Technologies Ltd.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.7% | -16.1% |
| 5-year return | +532.6% | -53.1% |
| Volatility (ann.) | 52.0% | 25.6% |
| Beta vs S&P 500 | 0.89 | -1.31 |
| Max drawdown (3Y) | -47.5% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 24.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TATT | VXZ |
|---|---|---|
| 2022 | -16.0% | +0.5% |
| 2023 | +91.5% | -44.0% |
| 2024 | +153.0% | -12.7% |
| 2025 | +73.9% | +5.7% |
| 2026 | -16.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TATT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between TATT and VXZ?
As of 2026-08-27, the correlation of weekly returns between TATT and VXZ is -0.26 over 3 years, -0.19 over 1 year and -0.29 over 5 years.
Is VXZ a good diversifier for TATT?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
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/tatt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tatt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TATT correlations · VXZ correlations
