VXZ vs WIX: Correlation
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and Wix.com Ltd. (WIX) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WIX?
Over the past 3 years, VXZ and WIX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.27 over 3 years. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -405.5 %².
Within VXZ's tracked universe of 2840 assets, WIX comes in at #658 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 21.0 percentage points (-16.1% for VXZ against -37.1% for WIX). One caveat on sizing: WIX is 2.3 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 WIX: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WIX (Wix.com Ltd.) | |
|---|---|---|
| 1-year return | -16.1% | -37.1% |
| 5-year return | -53.1% | -61.8% |
| Volatility (ann.) | 25.6% | 58.2% |
| Beta vs S&P 500 | -1.31 | 1.22 |
| Max drawdown (3Y) | -36.4% | -83.6% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | WIX |
|---|---|---|
| 2022 | +0.5% | -51.3% |
| 2023 | -44.0% | +60.1% |
| 2024 | -12.7% | +74.4% |
| 2025 | +5.7% | -51.6% |
| 2026 | -10.5% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WIX good diversifiers for each other?
Yes. With a correlation of -0.27, VXZ and WIX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXZ and WIX?
As of 2026-08-27, the correlation of weekly returns between VXZ and WIX is -0.27 over 3 years, -0.03 over 1 year and -0.30 over 5 years.
Is WIX a good diversifier for VXZ?
Yes. With a correlation of -0.27, VXZ and WIX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/vxz-vs-wix.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxz-vs-wix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXZ correlations · WIX correlations
