LNSR vs VXZ: Correlation
LENSAR, Inc. (LNSR) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNSR and VXZ?
Over the past 3 years, LNSR and VXZ moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.24 over 3. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -438.3 %².
Among the 12 assets we track against LNSR, VXZ sits near the bottom by co-movement, at rank #12. On 12-month performance VXZ holds a 14.5-point edge, -30.6% against -16.1%. Risk is not evenly split, since LNSR carries 2.8 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.
LNSR vs VXZ: side by side
| LNSR (LENSAR, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -30.6% | -16.1% |
| 5-year return | +5.0% | -53.1% |
| Volatility (ann.) | 70.5% | 25.6% |
| Beta vs S&P 500 | 1.09 | -1.31 |
| Max drawdown (3Y) | -70.3% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 42.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNSR | VXZ |
|---|---|---|
| 2022 | -50.6% | +0.5% |
| 2023 | +18.6% | -44.0% |
| 2024 | +154.7% | -12.7% |
| 2025 | +30.1% | +5.7% |
| 2026 | -27.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNSR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.24, LNSR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LNSR and VXZ?
As of 2026-08-27, the correlation of weekly returns between LNSR and VXZ is -0.24 over 3 years, -0.26 over 1 year and -0.19 over 5 years.
Is VXZ a good diversifier for LNSR?
Yes. With a correlation of -0.24, LNSR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/lnsr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnsr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LNSR correlations · VXZ correlations
