VRTS vs VXZ: Correlation
Virtus Investment Partners, Inc. (VRTS) 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 -0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VRTS and VXZ?
On 3 years of weekly data the VRTS/VXZ correlation comes out at -0.51, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.20 versus -0.51 over 3 years. The 5-year figure is -0.53, and annualized covariance runs at -401.7 %².
Out of 11 assets tracked against VRTS, VXZ lands near the bottom at #11. Neither side won the trailing year by much: -11.8% against -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.
VRTS vs VXZ: side by side
| VRTS (Virtus Investment Partners, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -11.8% | -16.1% |
| 5-year return | -34.1% | -53.1% |
| Volatility (ann.) | 30.7% | 25.6% |
| Beta vs S&P 500 | 1.03 | -1.31 |
| Max drawdown (3Y) | -46.6% | -36.4% |
| Market cap | $1.1B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 5.74% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VRTS | VXZ |
|---|---|---|
| 2022 | -33.5% | +0.5% |
| 2023 | +30.9% | -44.0% |
| 2024 | -5.6% | -12.7% |
| 2025 | -22.1% | +5.7% |
| 2026 | +7.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VRTS and VXZ good diversifiers for each other?
Yes. With a correlation of -0.51, VRTS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VRTS and VXZ?
The VRTS/VXZ correlation stands at -0.51 on a 3-year window (1 year: -0.20, 5 years: -0.53), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for VRTS?
Yes. With a correlation of -0.51, VRTS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 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/vrts-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vrts-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VRTS correlations · VXZ correlations
