TTGT vs VXZ: Correlation
Measured on weekly returns over the past three years, TechTarget, Inc. (TTGT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTGT and VXZ?
On 3 years of weekly data the TTGT/VXZ correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.20) than the 3-year average (-0.39). The 5-year figure is -0.43, and annualized covariance runs at -615.2 %².
Out of 10 assets tracked against TTGT, VXZ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 19.6 percentage points (-35.7% for TTGT against -16.1% for VXZ). One caveat on sizing: TTGT is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TTGT vs VXZ: side by side
| TTGT (TechTarget, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -35.7% | -16.1% |
| 5-year return | -95.3% | -53.1% |
| Volatility (ann.) | 62.4% | 25.6% |
| Beta vs S&P 500 | 1.47 | -1.31 |
| Max drawdown (3Y) | -91.4% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TTGT | VXZ |
|---|---|---|
| 2022 | -53.9% | +0.5% |
| 2023 | -20.9% | -44.0% |
| 2024 | -43.1% | -12.7% |
| 2025 | -72.8% | +5.7% |
| 2026 | -27.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TTGT and VXZ good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TTGT and VXZ?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.20 over the last year and -0.43 over 5 years.
Is VXZ a good diversifier for TTGT?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 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/ttgt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ttgt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TTGT correlations · VXZ correlations
