VPG vs VXZ: Correlation
Measured on weekly returns over the past three years, Vishay Precision Group, Inc. (VPG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VPG and VXZ?
Across a 3-year window, the weekly returns of VPG and VXZ correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Stretching to 5 years gives -0.26, with an annualized covariance of -337.1 %².
Among the 13 assets we track against VPG, VXZ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months VPG outperformed by 142.3 percentage points (+126.2% for VPG against -16.1% for VXZ). Risk is not evenly split, since VPG 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.
VPG vs VXZ: side by side
| VPG (Vishay Precision Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +126.2% | -16.1% |
| 5-year return | +76.6% | -53.1% |
| Volatility (ann.) | 54.8% | 25.6% |
| Beta vs S&P 500 | 1.32 | -1.31 |
| Max drawdown (3Y) | -58.5% | -36.4% |
| Market cap | $0.9B | – |
| P/E (trailing) | 213.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VPG | VXZ |
|---|---|---|
| 2022 | +4.1% | +0.5% |
| 2023 | -11.8% | -44.0% |
| 2024 | -31.1% | -12.7% |
| 2025 | +64.0% | +5.7% |
| 2026 | +72.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VPG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between VPG and VXZ?
The VPG/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.19, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for VPG?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/vpg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vpg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VPG correlations · VXZ correlations
