LMNR vs VXZ: Correlation
Limoneira Co (LMNR) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMNR and VXZ?
On 3 years of weekly data the LMNR/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -213.6 %².
Among the 12 assets we track against LMNR, VXZ sits near the bottom by co-movement, at rank #11. Neither side won the trailing year by much: -14.2% against -16.1%.
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.
LMNR vs VXZ: side by side
| LMNR (Limoneira Co) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.2% | -16.1% |
| 5-year return | -8.4% | -53.1% |
| Volatility (ann.) | 32.1% | 25.6% |
| Beta vs S&P 500 | 0.61 | -1.31 |
| Max drawdown (3Y) | -58.1% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.67% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LMNR | VXZ |
|---|---|---|
| 2022 | -16.7% | +0.5% |
| 2023 | +72.0% | -44.0% |
| 2024 | +20.2% | -12.7% |
| 2025 | -47.3% | +5.7% |
| 2026 | +7.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMNR and VXZ good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LMNR and VXZ?
As of 2026-08-27, the correlation of weekly returns between LMNR and VXZ is -0.26 over 3 years, -0.29 over 1 year and -0.18 over 5 years.
Is VXZ a good diversifier for LMNR?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lmnr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lmnr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LMNR correlations · VXZ correlations
