VTS vs VXZ: Correlation
Measured on weekly returns over the past three years, Vitesse Energy, Inc. (VTS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTS and VXZ?
Across a 3-year window, the weekly returns of VTS and VXZ correlate at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.33 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -254.3 %².
Among the 11 assets we track against VTS, VXZ sits near the bottom by co-movement, at rank #10. Over the last 12 months VXZ came out ahead by 13.2 percentage points (-29.3% 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.
VTS vs VXZ: side by side
| VTS (Vitesse Energy, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -29.3% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 30.6% | 25.6% |
| Beta vs S&P 500 | 0.54 | -1.31 |
| Max drawdown (3Y) | -38.4% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 11.81% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VTS | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | +24.3% | -12.7% |
| 2025 | -15.2% | +5.7% |
| 2026 | -6.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTS and VXZ good diversifiers for each other?
Yes. With a correlation of -0.33, VTS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VTS and VXZ?
As of 2026-08-27, the correlation of weekly returns between VTS and VXZ is -0.33 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is VXZ a good diversifier for VTS?
Yes. With a correlation of -0.33, VTS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/vts-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vts-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VTS correlations · VXZ correlations
