EBAY vs VXZ: Correlation
Measured on weekly returns over the past three years, eBay Inc. (EBAY) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and VXZ?
Across a 3-year window, the weekly returns of EBAY and VXZ correlate at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.15 over 3 years. Stretching to 5 years gives -0.31, with an annualized covariance of -108.0 %².
By 3-year correlation, VXZ places #26 of the 33 assets tracked against EBAY. Correlation aside, the last 12 months split them widely, with EBAY ahead by 26.7 points (+10.6% versus -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.
EBAY vs VXZ: side by side
| EBAY (eBay Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.6% | -16.1% |
| 5-year return | +43.9% | -53.1% |
| Volatility (ann.) | 28.9% | 25.6% |
| Beta vs S&P 500 | 0.58 | -1.31 |
| Max drawdown (3Y) | -20.7% | -36.4% |
| Market cap | $45.5B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.15% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EBAY | VXZ |
|---|---|---|
| 2022 | -36.5% | +0.5% |
| 2023 | +7.7% | -44.0% |
| 2024 | +44.8% | -12.7% |
| 2025 | +42.7% | +5.7% |
| 2026 | +18.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBAY and VXZ good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EBAY and VXZ?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.34 over the last year and -0.31 over 5 years.
Is VXZ a good diversifier for EBAY?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 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/ebay-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ebay-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EBAY correlations · VXZ correlations
