LADR vs VXZ: Correlation
Measured on weekly returns over the past three years, Ladder Capital Corp (LADR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LADR and VXZ?
On 3 years of weekly data the LADR/VXZ correlation comes out at -0.50, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.44) sits close to the 3-year figure. The 5-year figure is -0.53, and annualized covariance runs at -242.9 %².
Among the 18 assets we track against LADR, VXZ sits near the bottom by co-movement, at rank #18. On 12-month performance LADR holds a 9.4-point edge, -6.7% against -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.
LADR vs VXZ: side by side
| LADR (Ladder Capital Corp) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.7% | -16.1% |
| 5-year return | +32.1% | -53.1% |
| Volatility (ann.) | 19.1% | 25.6% |
| Beta vs S&P 500 | 0.50 | -1.31 |
| Max drawdown (3Y) | -15.3% | -36.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 9.33% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LADR | VXZ |
|---|---|---|
| 2022 | -9.0% | +0.5% |
| 2023 | +25.2% | -44.0% |
| 2024 | +5.5% | -12.7% |
| 2025 | +6.7% | +5.7% |
| 2026 | -6.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LADR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.50, LADR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LADR and VXZ?
As of 2026-08-27, the correlation of weekly returns between LADR and VXZ is -0.50 over 3 years, -0.44 over 1 year and -0.53 over 5 years.
Is VXZ a good diversifier for LADR?
Yes. With a correlation of -0.50, LADR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.50 mean?
On the −1 to +1 scale, -0.50 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/ladr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ladr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LADR correlations · VXZ correlations
