LAC vs VXZ: Correlation
Lithium Americas Corp. (LAC) 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 -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAC and VXZ?
Across a 3-year window, the weekly returns of LAC and VXZ correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -425.7 %².
Among the 21 assets we track against LAC, VXZ sits near the bottom by co-movement, at rank #20. The last year tells two different stories: LAC led by 22.5 percentage points, +6.4% for LAC against -16.1% for VXZ. One caveat on sizing: LAC is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LAC vs VXZ: side by side
| LAC (Lithium Americas Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.4% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 93.5% | 25.6% |
| Beta vs S&P 500 | 1.37 | -1.31 |
| Max drawdown (3Y) | -81.8% | -36.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAC | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | -53.6% | -12.7% |
| 2025 | +46.8% | +5.7% |
| 2026 | -27.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAC and VXZ good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LAC and VXZ?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.26 over the last year and n/a over 5 years.
Is VXZ a good diversifier for LAC?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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/lac-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lac-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LAC correlations · VXZ correlations
