LKFN vs VXZ: Correlation
Lakeland Financial Corporation (LKFN) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKFN and VXZ?
On 3 years of weekly data the LKFN/VXZ correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.31) than the 3-year average (-0.47). The 5-year figure is -0.39, and annualized covariance runs at -358.9 %².
Among the 15 assets we track against LKFN, VXZ sits near the bottom by co-movement, at rank #15. The trailing year gives LKFN the advantage: -10.4% versus -16.1%, a 5.7-point spread.
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.
LKFN vs VXZ: side by side
| LKFN (Lakeland Financial Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -10.4% | -16.1% |
| 5-year return | +4.7% | -53.1% |
| Volatility (ann.) | 29.9% | 25.6% |
| Beta vs S&P 500 | 0.75 | -1.31 |
| Max drawdown (3Y) | -31.7% | -36.4% |
| Market cap | $1.5B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 3.46% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LKFN | VXZ |
|---|---|---|
| 2022 | -7.0% | +0.5% |
| 2023 | -7.8% | -44.0% |
| 2024 | +8.7% | -12.7% |
| 2025 | -14.3% | +5.7% |
| 2026 | +6.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKFN and VXZ good diversifiers for each other?
Yes. With a correlation of -0.47, LKFN and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LKFN and VXZ?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.31 over the last year and -0.39 over 5 years.
Is VXZ a good diversifier for LKFN?
Yes. With a correlation of -0.47, LKFN and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/lkfn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lkfn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LKFN correlations · VXZ correlations
