TXG vs VXZ: Correlation
10x Genomics, Inc. (TXG) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TXG and VXZ?
Across a 3-year window, the weekly returns of TXG and VXZ correlate at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Stretching to 5 years gives -0.37, with an annualized covariance of -474.4 %².
Out of 14 assets tracked against TXG, VXZ lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months TXG outperformed by 378.7 percentage points (+362.6% for TXG against -16.1% for VXZ). One caveat on sizing: TXG is 2.5 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.
TXG vs VXZ: side by side
| TXG (10x Genomics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +362.6% | -16.1% |
| 5-year return | -62.7% | -53.1% |
| Volatility (ann.) | 64.3% | 25.6% |
| Beta vs S&P 500 | 1.55 | -1.31 |
| Max drawdown (3Y) | -87.6% | -36.4% |
| Market cap | $8.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TXG | VXZ |
|---|---|---|
| 2022 | -75.5% | +0.5% |
| 2023 | +53.6% | -44.0% |
| 2024 | -74.3% | -12.7% |
| 2025 | +13.6% | +5.7% |
| 2026 | +297.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TXG and VXZ good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TXG and VXZ?
The TXG/VXZ correlation stands at -0.29 on a 3-year window (1 year: -0.28, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for TXG?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/txg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/txg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TXG correlations · VXZ correlations
