UIS vs VXZ: Correlation
Unisys Corporation New (UIS) 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 -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UIS and VXZ?
On 3 years of weekly data the UIS/VXZ correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. The 5-year figure is -0.35, and annualized covariance runs at -708.0 %².
VXZ is close to the least connected end of UIS's tracked universe, ranking #12 of 13. On 12-month performance VXZ holds a 14.7-point edge, -30.8% against -16.1%. Risk is not evenly split, since UIS carries 3.1 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.
UIS vs VXZ: side by side
| UIS (Unisys Corporation New) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -30.8% | -16.1% |
| 5-year return | -88.7% | -53.1% |
| Volatility (ann.) | 80.0% | 25.6% |
| Beta vs S&P 500 | 2.01 | -1.31 |
| Max drawdown (3Y) | -77.6% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UIS | VXZ |
|---|---|---|
| 2022 | -75.2% | +0.5% |
| 2023 | +10.0% | -44.0% |
| 2024 | +12.6% | -12.7% |
| 2025 | -56.4% | +5.7% |
| 2026 | -1.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UIS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between UIS and VXZ?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.36 over the last year and -0.35 over 5 years.
Is VXZ a good diversifier for UIS?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 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/uis-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uis-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UIS correlations · VXZ correlations
