DE vs VXZ: Correlation
Deere & Company (DE) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and VXZ?
Across a 3-year window, the weekly returns of DE and VXZ correlate at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.33 over 3 years. Stretching to 5 years gives -0.35, with an annualized covariance of -223.8 %².
VXZ is close to the least connected end of DE's tracked universe, ranking #33 of 33. Their recent paths diverged sharply: over the last 12 months DE outperformed by 44.0 percentage points (+27.9% for DE 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.
DE vs VXZ: side by side
| DE (Deere & Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.9% | -16.1% |
| 5-year return | +74.5% | -53.1% |
| Volatility (ann.) | 26.7% | 25.6% |
| Beta vs S&P 500 | 0.65 | -1.31 |
| Max drawdown (3Y) | -19.9% | -36.4% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | VXZ |
|---|---|---|
| 2022 | +26.6% | +0.5% |
| 2023 | -5.5% | -44.0% |
| 2024 | +7.6% | -12.7% |
| 2025 | +11.4% | +5.7% |
| 2026 | +34.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and VXZ good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DE and VXZ?
As of 2026-08-27, the correlation of weekly returns between DE and VXZ is -0.33 over 3 years, -0.14 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for DE?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/de-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/de-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DE correlations · VXZ correlations
