TRMB vs VXZ: Correlation
How closely do Trimble Inc. (TRMB) 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 -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRMB and VXZ?
On 3 years of weekly data the TRMB/VXZ correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.43) sits close to the 3-year figure. The 5-year figure is -0.48, and annualized covariance runs at -347.7 %².
Among the 43 assets we track against TRMB, VXZ sits near the bottom by co-movement, at rank #42. The trailing year gives VXZ the advantage: -25.1% versus -16.1%, a 9.0-point spread.
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.
TRMB vs VXZ: side by side
| TRMB (Trimble Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.1% | -16.1% |
| 5-year return | -35.7% | -53.1% |
| Volatility (ann.) | 30.9% | 25.6% |
| Beta vs S&P 500 | 1.13 | -1.31 |
| Max drawdown (3Y) | -42.7% | -36.4% |
| Market cap | $14.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TRMB | VXZ |
|---|---|---|
| 2022 | -42.0% | +0.5% |
| 2023 | +5.2% | -44.0% |
| 2024 | +32.8% | -12.7% |
| 2025 | +10.9% | +5.7% |
| 2026 | -21.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRMB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.44, TRMB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TRMB and VXZ?
As of 2026-08-27, the correlation of weekly returns between TRMB and VXZ is -0.44 over 3 years, -0.43 over 1 year and -0.48 over 5 years.
Is VXZ a good diversifier for TRMB?
Yes. With a correlation of -0.44, TRMB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 mean?
A reading of -0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/trmb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trmb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRMB correlations · VXZ correlations
