DINO vs VXZ: Correlation
Measured on weekly returns over the past three years, HF Sinclair Corporation (DINO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DINO and VXZ?
On 3 years of weekly data the DINO/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.22 versus -0.27 over 3 years. The 5-year figure is -0.24, and annualized covariance runs at -256.9 %².
Among the 15 assets we track against DINO, VXZ sits near the bottom by co-movement, at rank #15. The last year tells two different stories: DINO led by 115.8 percentage points, +99.7% for DINO 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.
DINO vs VXZ: side by side
| DINO (HF Sinclair Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +99.7% | -16.1% |
| 5-year return | +259.1% | -53.1% |
| Volatility (ann.) | 37.3% | 25.6% |
| Beta vs S&P 500 | 0.56 | -1.31 |
| Max drawdown (3Y) | -57.4% | -36.4% |
| Market cap | $17.2B | – |
| P/E (trailing) | 9.2 | – |
| Dividend yield | 2.07% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DINO | VXZ |
|---|---|---|
| 2022 | +61.9% | +0.5% |
| 2023 | +11.0% | -44.0% |
| 2024 | -34.4% | -12.7% |
| 2025 | +38.1% | +5.7% |
| 2026 | +115.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DINO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between DINO and VXZ?
As of 2026-08-27, the correlation of weekly returns between DINO and VXZ is -0.27 over 3 years, 0.22 over 1 year and -0.24 over 5 years.
Is VXZ a good diversifier for DINO?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/dino-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dino-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DINO correlations · VXZ correlations
