UI vs VXZ: Correlation
How closely do Ubiquiti Inc. (UI) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UI and VXZ?
On 3 years of weekly data the UI/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.30, and annualized covariance runs at -412.2 %².
Out of 13 assets tracked against UI, VXZ lands near the bottom at #13. The last year tells two different stories: UI led by 29.8 percentage points, +13.7% for UI against -16.1% for VXZ. Risk is not evenly split, since UI carries 2.1 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.
UI vs VXZ: side by side
| UI (Ubiquiti Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.7% | -16.1% |
| 5-year return | +84.4% | -53.1% |
| Volatility (ann.) | 53.4% | 25.6% |
| Beta vs S&P 500 | 1.36 | -1.31 |
| Max drawdown (3Y) | -51.7% | -36.4% |
| Market cap | $35.9B | – |
| P/E (trailing) | 37.6 | – |
| Dividend yield | 0.57% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UI | VXZ |
|---|---|---|
| 2022 | -10.0% | +0.5% |
| 2023 | -48.2% | -44.0% |
| 2024 | +141.2% | -12.7% |
| 2025 | +67.7% | +5.7% |
| 2026 | +7.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UI and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, UI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UI and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.25 over the last year and -0.30 over 5 years.
Is VXZ a good diversifier for UI?
Yes. With a correlation of -0.30, UI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/ui-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ui-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UI correlations · VXZ correlations
