BOOM vs VXZ: Correlation
How closely do DMC Global Inc. (BOOM) 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 -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOOM and VXZ?
Across a 3-year window, the weekly returns of BOOM and VXZ correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.27, with an annualized covariance of -307.3 %².
Out of 10 assets tracked against BOOM, VXZ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months BOOM outperformed by 22.8 percentage points (+6.7% for BOOM against -16.1% for VXZ). Risk is not evenly split, since BOOM carries 2.4 times the volatility of the other side.
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.
BOOM vs VXZ: side by side
| BOOM (DMC Global Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.7% | -16.1% |
| 5-year return | -82.6% | -53.1% |
| Volatility (ann.) | 60.2% | 25.6% |
| Beta vs S&P 500 | 1.12 | -1.31 |
| Max drawdown (3Y) | -82.3% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOOM | VXZ |
|---|---|---|
| 2022 | -50.9% | +0.5% |
| 2023 | -3.2% | -44.0% |
| 2024 | -60.9% | -12.7% |
| 2025 | -9.0% | +5.7% |
| 2026 | +4.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOOM and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between BOOM and VXZ?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.27 over the last year and -0.27 over 5 years.
Is VXZ a good diversifier for BOOM?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/boom-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/boom-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BOOM correlations · VXZ correlations
