LEU vs VXZ: Correlation
Measured on weekly returns over the past three years, Centrus Energy Corp. (LEU) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEU and VXZ?
On 3 years of weekly data the LEU/VXZ correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is -0.24, and annualized covariance runs at -482.7 %².
Among the 14 assets we track against LEU, VXZ sits near the bottom by co-movement, at rank #12. Over the last 12 months LEU came out ahead by 14.3 percentage points (-1.8% against -16.1%). Note the risk asymmetry: LEU runs 3.3 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.
LEU vs VXZ: side by side
| LEU (Centrus Energy Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.8% | -16.1% |
| 5-year return | +636.7% | -53.1% |
| Volatility (ann.) | 84.8% | 25.6% |
| Beta vs S&P 500 | 1.67 | -1.31 |
| Max drawdown (3Y) | -66.4% | -36.4% |
| Market cap | $3.9B | – |
| P/E (trailing) | 98.9 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEU | VXZ |
|---|---|---|
| 2022 | -34.9% | +0.5% |
| 2023 | +67.5% | -44.0% |
| 2024 | +22.4% | -12.7% |
| 2025 | +264.4% | +5.7% |
| 2026 | -19.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEU and VXZ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LEU and VXZ?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.27 over the last year and -0.24 over 5 years.
Is VXZ a good diversifier for LEU?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/leu-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/leu-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEU correlations · VXZ correlations
