DLPN vs VXZ: Correlation
Dolphin Entertainment, Inc. (DLPN) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLPN and VXZ?
On 3 years of weekly data the DLPN/VXZ correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.24). The 5-year figure is -0.24, and annualized covariance runs at -328.5 %².
VXZ is close to the least connected end of DLPN's tracked universe, ranking #11 of 12. The last year tells two different stories: DLPN led by 16.1 percentage points, +0.0% for DLPN against -16.1% for VXZ. Risk is not evenly split, since DLPN carries 2.1 times the volatility of the other side.
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.
DLPN vs VXZ: side by side
| DLPN (Dolphin Entertainment, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.0% | -16.1% |
| 5-year return | -95.5% | -53.1% |
| Volatility (ann.) | 54.2% | 25.6% |
| Beta vs S&P 500 | 1.10 | -1.31 |
| Max drawdown (3Y) | -78.8% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLPN | VXZ |
|---|---|---|
| 2022 | -78.8% | +0.5% |
| 2023 | -5.5% | -44.0% |
| 2024 | -68.7% | -12.7% |
| 2025 | +45.8% | +5.7% |
| 2026 | -24.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLPN and VXZ good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DLPN and VXZ?
The DLPN/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.07, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for DLPN?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/dlpn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dlpn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DLPN correlations · VXZ correlations
