VRT vs VXZ: Correlation
Vertiv (VRT) 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 -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VRT and VXZ?
On 3 years of weekly data the VRT/VXZ correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.46). The 5-year figure is -0.39, and annualized covariance runs at -667.7 %².
VXZ is close to the least connected end of VRT's tracked universe, ranking #35 of 36. The last year tells two different stories: VRT led by 124.6 percentage points, +108.5% for VRT against -16.1% for VXZ. Risk is not evenly split, since VRT carries 2.2 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.
VRT vs VXZ: side by side
| VRT (Vertiv) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +108.5% | -16.1% |
| 5-year return | +847.7% | -53.1% |
| Volatility (ann.) | 57.1% | 25.6% |
| Beta vs S&P 500 | 2.36 | -1.31 |
| Max drawdown (3Y) | -61.3% | -36.4% |
| Market cap | $103.7B | – |
| P/E (trailing) | 59.6 | – |
| Dividend yield | 0.07% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | VRT | VXZ |
|---|---|---|
| 2022 | -45.3% | +0.5% |
| 2023 | +251.8% | -44.0% |
| 2024 | +136.8% | -12.7% |
| 2025 | +42.8% | +5.7% |
| 2026 | +66.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VRT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between VRT and VXZ?
As of 2026-08-27, the correlation of weekly returns between VRT and VXZ is -0.46 over 3 years, -0.10 over 1 year and -0.39 over 5 years.
Is VXZ a good diversifier for VRT?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 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/vrt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vrt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VRT correlations · VXZ correlations
