LOAR vs VXZ: Correlation
How closely do Loar Holdings Inc. (LOAR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and VXZ?
On 3 years of weekly data the LOAR/VXZ correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.31). The 5-year figure is n/a, and annualized covariance runs at -394.4 %².
Among the 23 assets we track against LOAR, VXZ sits near the bottom by co-movement, at rank #22. Their recent paths diverged sharply: over the last 12 months LOAR outperformed by 15.7 percentage points (-0.4% for LOAR against -16.1% for VXZ). Risk is not evenly split, since LOAR carries 1.9 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.
LOAR vs VXZ: side by side
| LOAR (Loar Holdings Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.4% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 49.2% | 25.6% |
| Beta vs S&P 500 | 1.21 | -1.31 |
| Max drawdown (3Y) | -46.0% | -36.4% |
| Market cap | $6.8B | – |
| P/E (trailing) | 102.9 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAR | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | -8.0% | +5.7% |
| 2026 | +7.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.31, LOAR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LOAR and VXZ?
As of 2026-08-27, the correlation of weekly returns between LOAR and VXZ is -0.31 over 3 years, -0.46 over 1 year and n/a over 5 years.
Is VXZ a good diversifier for LOAR?
Yes. With a correlation of -0.31, LOAR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/loar-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/loar-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOAR correlations · VXZ correlations
