CULP vs VXZ: Correlation
Culp, Inc. (CULP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CULP and VXZ?
On 3 years of weekly data the CULP/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.27 over 3. The 5-year figure is -0.30, and annualized covariance runs at -272.5 %².
Among the 11 assets we track against CULP, VXZ sits near the bottom by co-movement, at rank #11. Neither side won the trailing year by much: -17.9% against -16.1%. Risk is not evenly split, since CULP carries 1.5 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.
CULP vs VXZ: side by side
| CULP (Culp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.9% | -16.1% |
| 5-year return | -73.3% | -53.1% |
| Volatility (ann.) | 39.5% | 25.6% |
| Beta vs S&P 500 | 0.60 | -1.31 |
| Max drawdown (3Y) | -58.6% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CULP | VXZ |
|---|---|---|
| 2022 | -50.4% | +0.5% |
| 2023 | +26.1% | -44.0% |
| 2024 | +1.4% | -12.7% |
| 2025 | -39.4% | +5.7% |
| 2026 | -3.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CULP and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between CULP and VXZ?
As of 2026-08-27, the correlation of weekly returns between CULP and VXZ is -0.27 over 3 years, -0.25 over 1 year and -0.30 over 5 years.
Is VXZ a good diversifier for CULP?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
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/culp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/culp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CULP correlations · VXZ correlations
