DCO vs VXZ: Correlation
Measured on weekly returns over the past three years, Ducommun Incorporated (DCO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCO and VXZ?
Over the past 3 years, DCO and VXZ moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.40 lands near the 3-year figure. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -317.1 %².
Among the 12 assets we track against DCO, VXZ sits near the bottom by co-movement, at rank #12. The last year tells two different stories: DCO led by 115.6 percentage points, +99.5% for DCO 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.
DCO vs VXZ: side by side
| DCO (Ducommun Incorporated) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +99.5% | -16.1% |
| 5-year return | +248.0% | -53.1% |
| Volatility (ann.) | 30.0% | 25.6% |
| Beta vs S&P 500 | 0.78 | -1.31 |
| Max drawdown (3Y) | -23.5% | -36.4% |
| Market cap | $2.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCO | VXZ |
|---|---|---|
| 2022 | +6.8% | +0.5% |
| 2023 | +4.2% | -44.0% |
| 2024 | +22.3% | -12.7% |
| 2025 | +49.4% | +5.7% |
| 2026 | +93.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between DCO and VXZ?
The DCO/VXZ correlation stands at -0.41 on a 3-year window (1 year: -0.40, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for DCO?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/dco-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dco-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCO correlations · VXZ correlations
