TILE vs VXZ: Correlation
Interface, Inc. (TILE) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TILE and VXZ?
On 3 years of weekly data the TILE/VXZ correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.34). The 5-year figure is -0.40, and annualized covariance runs at -353.1 %².
Out of 17 assets tracked against TILE, VXZ lands near the bottom at #17. Correlation aside, the last 12 months split them widely, with TILE ahead by 56.4 points (+40.3% versus -16.1%). Risk is not evenly split, since TILE carries 1.6 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.
TILE vs VXZ: side by side
| TILE (Interface, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +40.3% | -16.1% |
| 5-year return | +167.4% | -53.1% |
| Volatility (ann.) | 40.8% | 25.6% |
| Beta vs S&P 500 | 0.93 | -1.31 |
| Max drawdown (3Y) | -33.6% | -36.4% |
| Market cap | $2.2B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.26% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TILE | VXZ |
|---|---|---|
| 2022 | -37.9% | +0.5% |
| 2023 | +28.5% | -44.0% |
| 2024 | +93.4% | -12.7% |
| 2025 | +14.9% | +5.7% |
| 2026 | +36.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TILE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between TILE and VXZ?
As of 2026-08-27, the correlation of weekly returns between TILE and VXZ is -0.34 over 3 years, -0.48 over 1 year and -0.40 over 5 years.
Is VXZ a good diversifier for TILE?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 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/tile-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tile-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TILE correlations · VXZ correlations
