TAYD vs VXZ: Correlation
Measured on weekly returns over the past three years, Taylor Devices, Inc. (TAYD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TAYD and VXZ?
Across a 3-year window, the weekly returns of TAYD and VXZ correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.21 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -294.3 %².
Among the 10 assets we track against TAYD, VXZ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with TAYD ahead by 42.7 points (+26.6% versus -16.1%). Note the risk asymmetry: TAYD runs 2.2 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.
TAYD vs VXZ: side by side
| TAYD (Taylor Devices, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.6% | -16.1% |
| 5-year return | +405.0% | -53.1% |
| Volatility (ann.) | 55.2% | 25.6% |
| Beta vs S&P 500 | 0.59 | -1.31 |
| Max drawdown (3Y) | -52.7% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TAYD | VXZ |
|---|---|---|
| 2022 | +29.9% | +0.5% |
| 2023 | +56.0% | -44.0% |
| 2024 | +88.1% | -12.7% |
| 2025 | +40.5% | +5.7% |
| 2026 | +4.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TAYD and VXZ good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TAYD and VXZ?
As of 2026-08-27, the correlation of weekly returns between TAYD and VXZ is -0.21 over 3 years, 0.05 over 1 year and -0.20 over 5 years.
Is VXZ a good diversifier for TAYD?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tayd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tayd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TAYD correlations · VXZ correlations
