DXLG vs VXZ: Correlation
Measured on weekly returns over the past three years, Destination XL Group, Inc. (DXLG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXLG and VXZ?
On 3 years of weekly data the DXLG/VXZ correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.33, and annualized covariance runs at -439.3 %².
Out of 10 assets tracked against DXLG, VXZ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 36.5 percentage points (-52.6% for DXLG against -16.1% for VXZ). Note the risk asymmetry: DXLG runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DXLG vs VXZ: side by side
| DXLG (Destination XL Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -52.6% | -16.1% |
| 5-year return | -88.2% | -53.1% |
| Volatility (ann.) | 60.4% | 25.6% |
| Beta vs S&P 500 | 1.31 | -1.31 |
| Max drawdown (3Y) | -90.8% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXLG | VXZ |
|---|---|---|
| 2022 | +18.8% | +0.5% |
| 2023 | -34.8% | -44.0% |
| 2024 | -38.9% | -12.7% |
| 2025 | -65.8% | +5.7% |
| 2026 | -32.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXLG and VXZ good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DXLG and VXZ?
As of 2026-08-27, the correlation of weekly returns between DXLG and VXZ is -0.28 over 3 years, -0.28 over 1 year and -0.33 over 5 years.
Is VXZ a good diversifier for DXLG?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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/dxlg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxlg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DXLG correlations · VXZ correlations
