VCTR vs VXZ: Correlation
Victory Capital Holdings, Inc. (VCTR) 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 -0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VCTR and VXZ?
On 3 years of weekly data the VCTR/VXZ correlation comes out at -0.53, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.53). The 5-year figure is -0.44, and annualized covariance runs at -417.9 %².
Among the 10 assets we track against VCTR, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with VCTR ahead by 90.2 points (+74.1% versus -16.1%).
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.
VCTR vs VXZ: side by side
| VCTR (Victory Capital Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +74.1% | -16.1% |
| 5-year return | +309.1% | -53.1% |
| Volatility (ann.) | 30.9% | 25.6% |
| Beta vs S&P 500 | 1.15 | -1.31 |
| Max drawdown (3Y) | -28.1% | -36.4% |
| Market cap | $7.5B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.63% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VCTR | VXZ |
|---|---|---|
| 2022 | -23.9% | +0.5% |
| 2023 | +33.5% | -44.0% |
| 2024 | +95.9% | -12.7% |
| 2025 | -0.8% | +5.7% |
| 2026 | +94.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VCTR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.53, VCTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VCTR and VXZ?
Using weekly returns as of 2026-08-27: -0.53 over 3 years, with -0.07 over the last year and -0.44 over 5 years.
Is VXZ a good diversifier for VCTR?
Yes. With a correlation of -0.53, VCTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 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/vctr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vctr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VCTR correlations · VXZ correlations
