TRAK vs VXZ: Correlation
How closely do ReposiTrak, Inc. (TRAK) 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 -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRAK and VXZ?
On 3 years of weekly data the TRAK/VXZ correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. The 5-year figure is -0.29, and annualized covariance runs at -387.1 %².
Among the 13 assets we track against TRAK, VXZ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 34.4 percentage points (-50.5% for TRAK against -16.1% for VXZ). Risk is not evenly split, since TRAK 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.
TRAK vs VXZ: side by side
| TRAK (ReposiTrak, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -50.5% | -16.1% |
| 5-year return | +52.8% | -53.1% |
| Volatility (ann.) | 42.1% | 25.6% |
| Beta vs S&P 500 | 1.30 | -1.31 |
| Max drawdown (3Y) | -71.0% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 21.5 | – |
| Dividend yield | 0.99% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRAK | VXZ |
|---|---|---|
| 2022 | -14.4% | +0.5% |
| 2023 | +104.2% | -44.0% |
| 2024 | +122.0% | -12.7% |
| 2025 | -43.8% | +5.7% |
| 2026 | -35.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRAK and VXZ good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TRAK and VXZ?
As of 2026-08-27, the correlation of weekly returns between TRAK and VXZ is -0.36 over 3 years, -0.32 over 1 year and -0.29 over 5 years.
Is VXZ a good diversifier for TRAK?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 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/trak-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trak-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRAK correlations · VXZ correlations
