DD vs VXZ: Correlation
How closely do DuPont (DD) 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 -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and VXZ?
Across a 3-year window, the weekly returns of DD and VXZ correlate at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.22) runs above the 3-year figure (-0.39). Stretching to 5 years gives -0.46, with an annualized covariance of -290.5 %².
Among the 34 assets we track against DD, VXZ sits near the bottom by co-movement, at rank #33. The last year tells two different stories: DD led by 60.8 percentage points, +44.7% for DD 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.
DD vs VXZ: side by side
| DD (DuPont) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +44.7% | -16.1% |
| 5-year return | +64.0% | -53.1% |
| Volatility (ann.) | 28.8% | 25.6% |
| Beta vs S&P 500 | 0.93 | -1.31 |
| Max drawdown (3Y) | -37.8% | -36.4% |
| Market cap | $18.7B | – |
| P/E (trailing) | 59.1 | – |
| Dividend yield | 2.20% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DD | VXZ |
|---|---|---|
| 2022 | -13.4% | +0.5% |
| 2023 | +14.4% | -44.0% |
| 2024 | +1.0% | -12.7% |
| 2025 | +28.7% | +5.7% |
| 2026 | +16.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DD and VXZ good diversifiers for each other?
Yes. With a correlation of -0.39, DD and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DD and VXZ?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.22 over the last year and -0.46 over 5 years.
Is VXZ a good diversifier for DD?
Yes. With a correlation of -0.39, DD and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
A reading of -0.39 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/dd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DD correlations · VXZ correlations
