CTVA vs VXZ: Correlation
Measured on weekly returns over the past three years, Corteva (CTVA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and VXZ?
Across a 3-year window, the weekly returns of CTVA and VXZ correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.23). Stretching to 5 years gives -0.31, with an annualized covariance of -157.7 %².
Out of 34 assets tracked against CTVA, VXZ lands near the bottom at #32. The last year tells two different stories: CTVA led by 27.0 percentage points, +10.9% for CTVA against -16.1% for VXZ.
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.
CTVA vs VXZ: side by side
| CTVA (Corteva) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.9% | -16.1% |
| 5-year return | +98.2% | -53.1% |
| Volatility (ann.) | 26.8% | 25.6% |
| Beta vs S&P 500 | 0.43 | -1.31 |
| Max drawdown (3Y) | -20.7% | -36.4% |
| Market cap | $55.0B | – |
| P/E (trailing) | 50.2 | – |
| Dividend yield | 0.87% | – |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CTVA | VXZ |
|---|---|---|
| 2022 | +25.6% | +0.5% |
| 2023 | -17.5% | -44.0% |
| 2024 | +20.2% | -12.7% |
| 2025 | +18.9% | +5.7% |
| 2026 | +23.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.23, CTVA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTVA and VXZ?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.10 over the last year and -0.31 over 5 years.
Is VXZ a good diversifier for CTVA?
Yes. With a correlation of -0.23, CTVA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/ctva-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctva-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTVA correlations · VXZ correlations
