IPAR vs VXZ: Correlation
Interparfums, Inc. (IPAR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPAR and VXZ?
Across a 3-year window, the weekly returns of IPAR and VXZ correlate at -0.34, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.42 over 1 year against -0.34 over 3. Stretching to 5 years gives -0.38, with an annualized covariance of -274.7 %².
Out of 13 assets tracked against IPAR, VXZ lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months IPAR outperformed by 20.6 percentage points (+4.5% for IPAR 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.
IPAR vs VXZ: side by side
| IPAR (Interparfums, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +4.5% | -16.1% |
| 5-year return | +80.2% | -53.1% |
| Volatility (ann.) | 32.0% | 25.6% |
| Beta vs S&P 500 | 0.75 | -1.31 |
| Max drawdown (3Y) | -46.4% | -36.4% |
| Market cap | $3.8B | – |
| P/E (trailing) | 22.4 | – |
| Dividend yield | 2.74% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPAR | VXZ |
|---|---|---|
| 2022 | -7.4% | +0.5% |
| 2023 | +52.0% | -44.0% |
| 2024 | -6.5% | -12.7% |
| 2025 | -33.6% | +5.7% |
| 2026 | +40.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPAR and VXZ good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IPAR and VXZ?
As of 2026-08-27, the correlation of weekly returns between IPAR and VXZ is -0.34 over 3 years, -0.42 over 1 year and -0.38 over 5 years.
Is VXZ a good diversifier for IPAR?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipar-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipar-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IPAR correlations · VXZ correlations
