VXZ vs WIMI: Correlation
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and WiMi Hologram Cloud Inc. - Class B (WIMI) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WIMI?
Across a 3-year window, the weekly returns of VXZ and WIMI correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.58 versus -0.23 over 3 years. Stretching to 5 years gives -0.27, with an annualized covariance of -716.8 %².
Within VXZ's tracked universe of 2840 assets, WIMI comes in at #229 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VXZ ahead by 48.8 points (-16.1% versus -64.9%). One caveat on sizing: WIMI is 4.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
VXZ vs WIMI: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WIMI (WiMi Hologram Cloud Inc. - Class B) | |
|---|---|---|
| 1-year return | -16.1% | -64.9% |
| 5-year return | -53.1% | -96.7% |
| Volatility (ann.) | 25.6% | 121.5% |
| Beta vs S&P 500 | -1.31 | 1.79 |
| Max drawdown (3Y) | -36.4% | -95.3% |
| Market cap | – | – |
| P/E (trailing) | – | 0.6 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | WIMI |
|---|---|---|
| 2022 | +0.5% | -75.7% |
| 2023 | -44.0% | +9.5% |
| 2024 | -12.7% | +128.4% |
| 2025 | +5.7% | -87.2% |
| 2026 | -10.5% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WIMI good diversifiers for each other?
Yes. With a correlation of -0.23, VXZ and WIMI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXZ and WIMI?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.58 over the last year and -0.27 over 5 years.
Is WIMI a good diversifier for VXZ?
Yes. With a correlation of -0.23, VXZ and WIMI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/vxz-vs-wimi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxz-vs-wimi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXZ correlations · WIMI correlations
