LB vs VXZ: Correlation
Measured on weekly returns over the past three years, LandBridge Company LLC Class A Shares Representing Limited (LB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LB and VXZ?
On 3 years of weekly data the LB/VXZ correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.38 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -631.1 %².
Out of 15 assets tracked against LB, VXZ lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months LB outperformed by 89.3 percentage points (+73.2% for LB against -16.1% for VXZ). Risk is not evenly split, since LB carries 2.5 times the volatility of the other side.
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.
LB vs VXZ: side by side
| LB (LandBridge Company LLC Class A Shares Representing Limited) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +73.2% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 63.4% | 25.6% |
| Beta vs S&P 500 | 1.65 | -1.31 |
| Max drawdown (3Y) | -48.2% | -36.4% |
| Market cap | $6.9B | – |
| P/E (trailing) | 79.0 | – |
| Dividend yield | 0.50% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LB | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | -23.7% | +5.7% |
| 2026 | +82.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LB and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between LB and VXZ?
The LB/VXZ correlation stands at -0.38 on a 3-year window (1 year: -0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for LB?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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/lb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LB correlations · VXZ correlations
