DIS vs VXZ: Correlation
Measured on weekly returns over the past three years, Walt Disney Company (The) (DIS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and VXZ?
Across a 3-year window, the weekly returns of DIS and VXZ correlate at -0.42, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.44 over 1 year against -0.42 over 3. Stretching to 5 years gives -0.47, with an annualized covariance of -297.1 %².
VXZ is close to the least connected end of DIS's tracked universe, ranking #36 of 37. The trailing year gives DIS the advantage: -8.2% versus -16.1%, a 7.9-point spread.
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.
DIS vs VXZ: side by side
| DIS (Walt Disney Company (The)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.2% | -16.1% |
| 5-year return | -38.8% | -53.1% |
| Volatility (ann.) | 27.7% | 25.6% |
| Beta vs S&P 500 | 0.96 | -1.31 |
| Max drawdown (3Y) | -32.9% | -36.4% |
| Market cap | $184.4B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 1.37% | – |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | DIS | VXZ |
|---|---|---|
| 2022 | -43.9% | +0.5% |
| 2023 | +4.3% | -44.0% |
| 2024 | +24.4% | -12.7% |
| 2025 | +3.3% | +5.7% |
| 2026 | -5.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between DIS and VXZ?
As of 2026-08-27, the correlation of weekly returns between DIS and VXZ is -0.42 over 3 years, -0.44 over 1 year and -0.47 over 5 years.
Is VXZ a good diversifier for DIS?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 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/dis-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dis-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIS correlations · VXZ correlations
