DDS vs VXZ: Correlation
How closely do Dillard's, Inc. (DDS) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDS and VXZ?
Over the past 3 years, DDS and VXZ moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.40) sits close to the 3-year figure. Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -395.3 %².
VXZ is close to the least connected end of DDS's tracked universe, ranking #10 of 11. The last year tells two different stories: DDS led by 36.3 percentage points, +20.2% for DDS against -16.1% for VXZ. Risk is not evenly split, since DDS carries 1.6 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.
DDS vs VXZ: side by side
| DDS (Dillard's, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.2% | -16.1% |
| 5-year return | +310.3% | -53.1% |
| Volatility (ann.) | 41.0% | 25.6% |
| Beta vs S&P 500 | 1.06 | -1.31 |
| Max drawdown (3Y) | -42.0% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 0.09% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDS | VXZ |
|---|---|---|
| 2022 | +38.7% | +0.5% |
| 2023 | +32.1% | -44.0% |
| 2024 | +13.5% | -12.7% |
| 2025 | +46.8% | +5.7% |
| 2026 | +4.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between DDS and VXZ?
As of 2026-08-27, the correlation of weekly returns between DDS and VXZ is -0.38 over 3 years, -0.40 over 1 year and -0.38 over 5 years.
Is VXZ a good diversifier for DDS?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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/dds-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dds-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DDS correlations · VXZ correlations
