VC vs VXZ: Correlation
Measured on weekly returns over the past three years, Visteon Corporation (VC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VC and VXZ?
On 3 years of weekly data the VC/VXZ correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.23 over 3 years. The 5-year figure is -0.34, and annualized covariance runs at -171.1 %².
Among the 12 assets we track against VC, VXZ sits near the bottom by co-movement, at rank #11. Twelve-month performance is nearly a tie, at -19.5% for VC and -16.1% for VXZ.
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.
VC vs VXZ: side by side
| VC (Visteon Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.5% | -16.1% |
| 5-year return | -3.9% | -53.1% |
| Volatility (ann.) | 29.6% | 25.6% |
| Beta vs S&P 500 | 0.66 | -1.31 |
| Max drawdown (3Y) | -53.5% | -36.4% |
| Market cap | $2.7B | – |
| P/E (trailing) | 20.0 | – |
| Dividend yield | 1.25% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VC | VXZ |
|---|---|---|
| 2022 | +17.7% | +0.5% |
| 2023 | -4.5% | -44.0% |
| 2024 | -29.0% | -12.7% |
| 2025 | +7.7% | +5.7% |
| 2026 | +6.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.23, VC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VC and VXZ?
The VC/VXZ correlation stands at -0.23 on a 3-year window (1 year: -0.12, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for VC?
Yes. With a correlation of -0.23, VC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/vc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VC correlations · VXZ correlations
