DLTR vs VXZ: Correlation
Measured on weekly returns over the past three years, Dollar Tree (DLTR) 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 DLTR and VXZ?
Across a 3-year window, the weekly returns of DLTR and VXZ correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.27). Stretching to 5 years gives -0.21, with an annualized covariance of -261.0 %².
Out of 32 assets tracked against DLTR, VXZ lands near the bottom at #30. Their recent paths diverged sharply: over the last 12 months DLTR outperformed by 28.6 percentage points (+12.5% for DLTR 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.
DLTR vs VXZ: side by side
| DLTR (Dollar Tree) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.5% | -16.1% |
| 5-year return | +39.7% | -53.1% |
| Volatility (ann.) | 37.3% | 25.6% |
| Beta vs S&P 500 | 0.70 | -1.31 |
| Max drawdown (3Y) | -59.2% | -36.4% |
| Market cap | $23.8B | – |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DLTR | VXZ |
|---|---|---|
| 2022 | +0.7% | +0.5% |
| 2023 | +0.4% | -44.0% |
| 2024 | -47.2% | -12.7% |
| 2025 | +64.1% | +5.7% |
| 2026 | +3.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.27, DLTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DLTR and VXZ?
The DLTR/VXZ correlation stands at -0.27 on a 3-year window (1 year: -0.40, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for DLTR?
Yes. With a correlation of -0.27, DLTR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/dltr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dltr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DLTR correlations · VXZ correlations
