DORM vs VXZ: Correlation
How closely do Dorman Products, Inc. (DORM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DORM and VXZ?
Over the past 3 years, DORM and VXZ moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.41 lands near the 3-year figure. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -263.9 %².
Out of 14 assets tracked against DORM, VXZ lands near the bottom at #14. Over the last 12 months VXZ came out ahead by 5.5 percentage points (-21.6% 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.
DORM vs VXZ: side by side
| DORM (Dorman Products, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -21.6% | -16.1% |
| 5-year return | +34.2% | -53.1% |
| Volatility (ann.) | 31.5% | 25.6% |
| Beta vs S&P 500 | 0.78 | -1.31 |
| Max drawdown (3Y) | -39.6% | -36.4% |
| Market cap | $3.8B | – |
| P/E (trailing) | 17.9 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DORM | VXZ |
|---|---|---|
| 2022 | -28.4% | +0.5% |
| 2023 | +3.1% | -44.0% |
| 2024 | +55.3% | -12.7% |
| 2025 | -4.9% | +5.7% |
| 2026 | +4.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DORM and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between DORM and VXZ?
The DORM/VXZ correlation stands at -0.33 on a 3-year window (1 year: -0.41, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for DORM?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/dorm-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dorm-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DORM correlations · VXZ correlations
