DPZ vs VXZ: Correlation
Measured on weekly returns over the past three years, Domino's (DPZ) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and VXZ?
Across a 3-year window, the weekly returns of DPZ and VXZ correlate at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.32 over 3. Stretching to 5 years gives -0.36, with an annualized covariance of -228.9 %².
Out of 31 assets tracked against DPZ, VXZ lands near the bottom at #31. On 12-month performance VXZ holds a 9.1-point edge, -25.2% 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.
DPZ vs VXZ: side by side
| DPZ (Domino's) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.2% | -16.1% |
| 5-year return | -31.2% | -53.1% |
| Volatility (ann.) | 27.8% | 25.6% |
| Beta vs S&P 500 | 0.67 | -1.31 |
| Max drawdown (3Y) | -45.1% | -36.4% |
| Market cap | $11.0B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 2.17% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DPZ | VXZ |
|---|---|---|
| 2022 | -37.9% | +0.5% |
| 2023 | +20.7% | -44.0% |
| 2024 | +3.2% | -12.7% |
| 2025 | +0.9% | +5.7% |
| 2026 | -19.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between DPZ and VXZ?
As of 2026-08-27, the correlation of weekly returns between DPZ and VXZ is -0.32 over 3 years, -0.22 over 1 year and -0.36 over 5 years.
Is VXZ a good diversifier for DPZ?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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/dpz-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpz-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DPZ correlations · VXZ correlations
