VSME vs VXZ: Correlation
VS Media Holdings Limited - Class A (VSME) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VSME and VXZ?
On 3 years of weekly data the VSME/VXZ correlation comes out 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. The 5-year figure is n/a, and annualized covariance runs at -1296.0 %².
Out of 17 assets tracked against VSME, VXZ lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 80.8 percentage points (-96.9% for VSME against -16.1% for VXZ). Note the risk asymmetry: VSME runs 8.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
VSME vs VXZ: side by side
| VSME (VS Media Holdings Limited - Class A) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -96.9% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 209.9% | 25.6% |
| Beta vs S&P 500 | 2.59 | -1.31 |
| Max drawdown (3Y) | -99.9% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VSME | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | -50.9% | -12.7% |
| 2025 | -92.2% | +5.7% |
| 2026 | -46.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VSME and VXZ good diversifiers for each other?
Yes. With a correlation of -0.24, VSME and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VSME and VXZ?
The VSME/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for VSME?
Yes. With a correlation of -0.24, VSME and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vsme-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vsme-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VSME correlations · VXZ correlations
