DCH vs VXZ: Correlation
How closely do Dauch Corporation (DCH) 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 -0.45, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCH and VXZ?
Across a 3-year window, the weekly returns of DCH and VXZ correlate at -0.45, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Stretching to 5 years gives -0.48, with an annualized covariance of -553.8 %².
Out of 16 assets tracked against DCH, VXZ lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with DCH ahead by 21.3 points (+5.2% versus -16.1%). Risk is not evenly split, since DCH carries 1.9 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.
DCH vs VXZ: side by side
| DCH (Dauch Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.2% | -16.1% |
| 5-year return | -28.5% | -53.1% |
| Volatility (ann.) | 48.5% | 25.6% |
| Beta vs S&P 500 | 1.58 | -1.31 |
| Max drawdown (3Y) | -65.3% | -36.4% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCH | VXZ |
|---|---|---|
| 2022 | -16.2% | +0.5% |
| 2023 | +12.7% | -44.0% |
| 2024 | -33.8% | -12.7% |
| 2025 | +9.9% | +5.7% |
| 2026 | -1.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCH and VXZ good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DCH and VXZ?
The DCH/VXZ correlation stands at -0.45 on a 3-year window (1 year: -0.36, 5 years: -0.48), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for DCH?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 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/dch-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dch-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCH correlations · VXZ correlations
