LCII vs VXZ: Correlation
Measured on weekly returns over the past three years, LCI Industries (LCII) 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 LCII and VXZ?
Across a 3-year window, the weekly returns of LCII and VXZ correlate at -0.41, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.22) runs above the 3-year figure (-0.41). Stretching to 5 years gives -0.43, with an annualized covariance of -358.1 %².
Among the 11 assets we track against LCII, VXZ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: LCII led by 15.8 percentage points, -0.3% for LCII 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.
LCII vs VXZ: side by side
| LCII (LCI Industries) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.3% | -16.1% |
| 5-year return | -12.8% | -53.1% |
| Volatility (ann.) | 34.4% | 25.6% |
| Beta vs S&P 500 | 0.95 | -1.31 |
| Max drawdown (3Y) | -41.8% | -36.4% |
| Market cap | $2.5B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 4.47% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCII | VXZ |
|---|---|---|
| 2022 | -38.5% | +0.5% |
| 2023 | +41.1% | -44.0% |
| 2024 | -14.6% | -12.7% |
| 2025 | +22.8% | +5.7% |
| 2026 | -13.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCII and VXZ good diversifiers for each other?
Yes. With a correlation of -0.41, LCII and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LCII and VXZ?
As of 2026-08-27, the correlation of weekly returns between LCII and VXZ is -0.41 over 3 years, -0.22 over 1 year and -0.43 over 5 years.
Is VXZ a good diversifier for LCII?
Yes. With a correlation of -0.41, LCII and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lcii-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lcii-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LCII correlations · VXZ correlations
