VUZI vs VXX: Correlation
How closely do Vuzix Corporation (VUZI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VUZI and VXX?
Over the past 3 years, VUZI and VXX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.21). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -1362.4 %².
Out of 13 assets tracked against VUZI, VXX lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months VUZI outperformed by 75.7 percentage points (+26.0% for VUZI against -49.7% for VXX). Note the risk asymmetry: VUZI runs 1.8 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.
VUZI vs VXX: side by side
| VUZI (Vuzix Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.0% | -49.7% |
| 5-year return | -79.1% | -95.6% |
| Volatility (ann.) | 108.2% | 60.9% |
| Beta vs S&P 500 | 2.21 | -3.31 |
| Max drawdown (3Y) | -79.6% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VUZI | VXX |
|---|---|---|
| 2022 | -58.0% | -23.8% |
| 2023 | -42.6% | -72.5% |
| 2024 | +88.5% | -26.2% |
| 2025 | -4.1% | -42.2% |
| 2026 | -30.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VUZI and VXX good diversifiers for each other?
Yes. With a correlation of -0.21, VUZI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VUZI and VXX?
The VUZI/VXX correlation stands at -0.21 on a 3-year window (1 year: -0.35, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for VUZI?
Yes. With a correlation of -0.21, VUZI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/vuzi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vuzi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: VUZI correlations · VXX correlations
