LAMR vs VXZ: Correlation
Measured on weekly returns over the past three years, Lamar Advertising Company (LAMR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAMR and VXZ?
Across a 3-year window, the weekly returns of LAMR and VXZ correlate at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.20 versus -0.41 over 3 years. Stretching to 5 years gives -0.49, with an annualized covariance of -260.0 %².
Out of 14 assets tracked against LAMR, VXZ lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months LAMR outperformed by 40.1 percentage points (+24.0% for LAMR 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.
LAMR vs VXZ: side by side
| LAMR (Lamar Advertising Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.0% | -16.1% |
| 5-year return | +68.6% | -53.1% |
| Volatility (ann.) | 24.7% | 25.6% |
| Beta vs S&P 500 | 0.90 | -1.31 |
| Max drawdown (3Y) | -23.9% | -36.4% |
| Market cap | $15.3B | – |
| P/E (trailing) | 27.5 | – |
| Dividend yield | 4.15% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAMR | VXZ |
|---|---|---|
| 2022 | -18.0% | +0.5% |
| 2023 | +18.6% | -44.0% |
| 2024 | +20.0% | -12.7% |
| 2025 | +9.7% | +5.7% |
| 2026 | +21.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAMR and VXZ good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LAMR and VXZ?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.20 over the last year and -0.49 over 5 years.
Is VXZ a good diversifier for LAMR?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
A reading of -0.41 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/lamr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lamr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LAMR correlations · VXZ correlations
