ETD vs VXZ: Correlation
Measured on weekly returns over the past three years, Ethan Allen Interiors Inc. (ETD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETD and VXZ?
Across a 3-year window, the weekly returns of ETD and VXZ correlate at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.31 over 3. Stretching to 5 years gives -0.34, with an annualized covariance of -224.6 %².
VXZ is close to the least connected end of ETD's tracked universe, ranking #12 of 12. Twelve-month performance is nearly a tie, at -15.3% for ETD and -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.
ETD vs VXZ: side by side
| ETD (Ethan Allen Interiors Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -15.3% | -16.1% |
| 5-year return | +35.4% | -53.1% |
| Volatility (ann.) | 28.2% | 25.6% |
| Beta vs S&P 500 | 0.66 | -1.31 |
| Max drawdown (3Y) | -36.8% | -36.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 6.61% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETD | VXZ |
|---|---|---|
| 2022 | +7.5% | +0.5% |
| 2023 | +28.7% | -44.0% |
| 2024 | -6.0% | -12.7% |
| 2025 | -13.2% | +5.7% |
| 2026 | +9.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETD and VXZ good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ETD and VXZ?
The ETD/VXZ correlation stands at -0.31 on a 3-year window (1 year: -0.34, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ETD?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/etd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETD correlations · VXZ correlations
