LAR vs VXZ: Correlation
Lithium Argentina AG (LAR) 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 -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAR and VXZ?
Across a 3-year window, the weekly returns of LAR and VXZ correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Stretching to 5 years gives -0.31, with an annualized covariance of -392.1 %².
Out of 16 assets tracked against LAR, VXZ lands near the bottom at #14. The last year tells two different stories: LAR led by 130.0 percentage points, +113.9% for LAR against -16.1% for VXZ. Note the risk asymmetry: LAR runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LAR vs VXZ: side by side
| LAR (Lithium Argentina AG) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +113.9% | -16.1% |
| 5-year return | -12.4% | -53.1% |
| Volatility (ann.) | 67.6% | 25.6% |
| Beta vs S&P 500 | 1.61 | -1.31 |
| Max drawdown (3Y) | -79.6% | -36.4% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAR | VXZ |
|---|---|---|
| 2022 | -34.9% | +0.5% |
| 2023 | -17.2% | -44.0% |
| 2024 | -58.5% | -12.7% |
| 2025 | +113.0% | +5.7% |
| 2026 | +23.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.23, LAR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LAR and VXZ?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.28 over the last year and -0.31 over 5 years.
Is VXZ a good diversifier for LAR?
Yes. With a correlation of -0.23, LAR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/lar-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lar-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LAR correlations · VXZ correlations
