CENTA vs VXZ: Correlation
Measured on weekly returns over the past three years, Central Garden & Pet Company (CENTA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENTA and VXZ?
Over the past 3 years, CENTA and VXZ moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -175.5 %².
Out of 13 assets tracked against CENTA, VXZ lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with CENTA ahead by 31.6 points (+15.5% versus -16.1%).
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.
CENTA vs VXZ: side by side
| CENTA (Central Garden & Pet Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.5% | -16.1% |
| 5-year return | +10.9% | -53.1% |
| Volatility (ann.) | 28.2% | 25.6% |
| Beta vs S&P 500 | 0.42 | -1.31 |
| Max drawdown (3Y) | -35.7% | -36.4% |
| Market cap | $2.4B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CENTA | VXZ |
|---|---|---|
| 2022 | -25.2% | +0.5% |
| 2023 | +23.0% | -44.0% |
| 2024 | -6.2% | -12.7% |
| 2025 | -11.7% | +5.7% |
| 2026 | +29.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENTA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.24, CENTA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CENTA and VXZ?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.23 over the last year and -0.29 over 5 years.
Is VXZ a good diversifier for CENTA?
Yes. With a correlation of -0.24, CENTA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/centa-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/centa-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CENTA correlations · VXZ correlations
