DIN vs VXZ: Correlation
Measured on weekly returns over the past three years, Dine Brands Global, Inc. (DIN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIN and VXZ?
Across a 3-year window, the weekly returns of DIN and VXZ correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.26 over 3. Stretching to 5 years gives -0.34, with an annualized covariance of -283.5 %².
Among the 14 assets we track against DIN, VXZ sits near the bottom by co-movement, at rank #14. The last year tells two different stories: DIN led by 68.1 percentage points, +52.0% for DIN against -16.1% for VXZ. One caveat on sizing: DIN is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DIN vs VXZ: side by side
| DIN (Dine Brands Global, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.0% | -16.1% |
| 5-year return | -49.2% | -53.1% |
| Volatility (ann.) | 43.4% | 25.6% |
| Beta vs S&P 500 | 0.81 | -1.31 |
| Max drawdown (3Y) | -63.3% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 56.5 | – |
| Dividend yield | 3.07% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIN | VXZ |
|---|---|---|
| 2022 | -12.4% | +0.5% |
| 2023 | -20.3% | -44.0% |
| 2024 | -35.7% | -12.7% |
| 2025 | +14.1% | +5.7% |
| 2026 | +5.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIN and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between DIN and VXZ?
As of 2026-08-27, the correlation of weekly returns between DIN and VXZ is -0.26 over 3 years, -0.36 over 1 year and -0.34 over 5 years.
Is VXZ a good diversifier for DIN?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/din-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/din-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIN correlations · VXZ correlations
