DLB vs VXZ: Correlation
Dolby Laboratories (DLB) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLB and VXZ?
On 3 years of weekly data the DLB/VXZ correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.18) than the 3-year average (-0.39). The 5-year figure is -0.42, and annualized covariance runs at -258.1 %².
Among the 12 assets we track against DLB, VXZ sits near the bottom by co-movement, at rank #12. Neither side won the trailing year by much: -12.3% against -16.1%.
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.
DLB vs VXZ: side by side
| DLB (Dolby Laboratories) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.3% | -16.1% |
| 5-year return | -31.8% | -53.1% |
| Volatility (ann.) | 26.0% | 25.6% |
| Beta vs S&P 500 | 0.78 | -1.31 |
| Max drawdown (3Y) | -43.2% | -36.4% |
| Market cap | $5.8B | – |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 2.22% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLB | VXZ |
|---|---|---|
| 2022 | -24.9% | +0.5% |
| 2023 | +23.8% | -44.0% |
| 2024 | -7.9% | -12.7% |
| 2025 | -16.3% | +5.7% |
| 2026 | -1.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.39, DLB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DLB and VXZ?
As of 2026-08-27, the correlation of weekly returns between DLB and VXZ is -0.39 over 3 years, -0.18 over 1 year and -0.42 over 5 years.
Is VXZ a good diversifier for DLB?
Yes. With a correlation of -0.39, DLB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/dlb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dlb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DLB correlations · VXZ correlations
