VXZ vs WYY: Correlation
How closely do iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and WidePoint Corporation (WYY) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WYY?
On 3 years of weekly data the VXZ/WYY correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is -0.27, and annualized covariance runs at -567.4 %².
By 3-year correlation, WYY places #662 of the 2840 assets tracked against VXZ. Correlation aside, the last 12 months split them widely, with WYY ahead by 133.2 points (-16.1% versus +117.1%). Note the risk asymmetry: WYY runs 3.2 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.
VXZ vs WYY: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WYY (WidePoint Corporation) | |
|---|---|---|
| 1-year return | -16.1% | +117.1% |
| 5-year return | -53.1% | +85.8% |
| Volatility (ann.) | 25.6% | 81.3% |
| Beta vs S&P 500 | -1.31 | 1.48 |
| Max drawdown (3Y) | -36.4% | -57.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | WYY |
|---|---|---|
| 2022 | +0.5% | -53.7% |
| 2023 | -44.0% | +27.5% |
| 2024 | -12.7% | +108.6% |
| 2025 | +5.7% | +11.0% |
| 2026 | -10.5% | +89.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WYY good diversifiers for each other?
Yes. With a correlation of -0.27, VXZ and WYY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXZ and WYY?
As of 2026-08-27, the correlation of weekly returns between VXZ and WYY is -0.27 over 3 years, -0.25 over 1 year and -0.27 over 5 years.
Is WYY a good diversifier for VXZ?
Yes. With a correlation of -0.27, VXZ and WYY 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-wyy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxz-vs-wyy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXZ correlations · WYY correlations
