DRI vs VXZ: Correlation
How closely do Darden Restaurants (DRI) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRI and VXZ?
On 3 years of weekly data the DRI/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. The 5-year figure is -0.36, and annualized covariance runs at -174.9 %².
VXZ is close to the least connected end of DRI's tracked universe, ranking #33 of 34. The last year tells two different stories: DRI led by 21.7 percentage points, +5.6% for DRI 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.
DRI vs VXZ: side by side
| DRI (Darden Restaurants) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.6% | -16.1% |
| 5-year return | +66.1% | -53.1% |
| Volatility (ann.) | 25.2% | 25.6% |
| Beta vs S&P 500 | 0.52 | -1.31 |
| Max drawdown (3Y) | -23.9% | -36.4% |
| Market cap | $24.0B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 2.74% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DRI | VXZ |
|---|---|---|
| 2022 | -4.8% | +0.5% |
| 2023 | +22.8% | -44.0% |
| 2024 | +17.7% | -12.7% |
| 2025 | +1.6% | +5.7% |
| 2026 | +17.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRI and VXZ good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DRI and VXZ?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.34 over the last year and -0.36 over 5 years.
Is VXZ a good diversifier for DRI?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dri-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dri-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DRI correlations · VXZ correlations
