VXZ vs WT: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and WisdomTree, Inc. (WT) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WT?
On 3 years of weekly data the VXZ/WT correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.40, and annualized covariance runs at -319.9 %².
Within VXZ's tracked universe of 2840 assets, WT comes in at #1640 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WT outperformed by 102.8 percentage points (-16.1% for VXZ against +86.7% for WT).
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 WT: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WT (WisdomTree, Inc.) | |
|---|---|---|
| 1-year return | -16.1% | +86.7% |
| 5-year return | -53.1% | +330.3% |
| Volatility (ann.) | 25.6% | 34.2% |
| Beta vs S&P 500 | -1.31 | 1.17 |
| Max drawdown (3Y) | -36.4% | -36.9% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 44.7 |
| Dividend yield | – | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | WT |
|---|---|---|
| 2022 | +0.5% | -8.9% |
| 2023 | -44.0% | +29.6% |
| 2024 | -12.7% | +53.5% |
| 2025 | +5.7% | +17.4% |
| 2026 | -10.5% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WT good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXZ and WT?
The VXZ/WT correlation stands at -0.37 on a 3-year window (1 year: -0.32, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is WT a good diversifier for VXZ?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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/vxz-vs-wt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxz-vs-wt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXZ correlations · WT correlations
