TIPT vs VXZ: Correlation
Tiptree Inc. (TIPT) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TIPT and VXZ?
On 3 years of weekly data the TIPT/VXZ correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.40 over 3 years. The 5-year figure is -0.33, and annualized covariance runs at -339.6 %².
VXZ is close to the least connected end of TIPT's tracked universe, ranking #14 of 14. On 12-month performance VXZ holds a 5.2-point edge, -21.3% against -16.1%.
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.
TIPT vs VXZ: side by side
| TIPT (Tiptree Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -21.3% | -16.1% |
| 5-year return | +95.1% | -53.1% |
| Volatility (ann.) | 33.5% | 25.6% |
| Beta vs S&P 500 | 0.71 | -1.31 |
| Max drawdown (3Y) | -37.9% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.30% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TIPT | VXZ |
|---|---|---|
| 2022 | +1.4% | +0.5% |
| 2023 | +38.8% | -44.0% |
| 2024 | +12.8% | -12.7% |
| 2025 | -11.4% | +5.7% |
| 2026 | +1.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TIPT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.40, TIPT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TIPT and VXZ?
The TIPT/VXZ correlation stands at -0.40 on a 3-year window (1 year: -0.16, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for TIPT?
Yes. With a correlation of -0.40, TIPT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 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/tipt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tipt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TIPT correlations · VXZ correlations
