ALB vs VXZ: Correlation
How closely do Albemarle Corporation (ALB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and VXZ?
Over the past 3 years, ALB and VXZ moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.21) than the 3-year average (-0.34). Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -468.6 %².
Out of 36 assets tracked against ALB, VXZ lands near the bottom at #35. The last year tells two different stories: ALB led by 73.0 percentage points, +56.9% for ALB against -16.1% for VXZ. One caveat on sizing: ALB is 2.1 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.
ALB vs VXZ: side by side
| ALB (Albemarle Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.9% | -16.1% |
| 5-year return | -39.2% | -53.1% |
| Volatility (ann.) | 54.3% | 25.6% |
| Beta vs S&P 500 | 1.62 | -1.31 |
| Max drawdown (3Y) | -74.1% | -36.4% |
| Market cap | $16.0B | – |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | – |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | VXZ |
|---|---|---|
| 2022 | -6.6% | +0.5% |
| 2023 | -32.8% | -44.0% |
| 2024 | -39.5% | -12.7% |
| 2025 | +67.7% | +5.7% |
| 2026 | -3.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALB and VXZ?
As of 2026-08-27, the correlation of weekly returns between ALB and VXZ is -0.34 over 3 years, -0.21 over 1 year and -0.39 over 5 years.
Is VXZ a good diversifier for ALB?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/alb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALB correlations · VXZ correlations
