LOVE vs VXZ: Correlation
How closely do The Lovesac Company (LOVE) 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 -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOVE and VXZ?
Across a 3-year window, the weekly returns of LOVE and VXZ correlate at -0.40, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.40 over 3. Stretching to 5 years gives -0.44, with an annualized covariance of -649.7 %².
Out of 11 assets tracked against LOVE, VXZ lands near the bottom at #11. Twelve-month performance is nearly a tie, at -15.2% for LOVE and -16.1% for VXZ. Note the risk asymmetry: LOVE runs 2.5 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.
LOVE vs VXZ: side by side
| LOVE (The Lovesac Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -15.2% | -16.1% |
| 5-year return | -71.8% | -53.1% |
| Volatility (ann.) | 64.0% | 25.6% |
| Beta vs S&P 500 | 1.85 | -1.31 |
| Max drawdown (3Y) | -72.7% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 64.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOVE | VXZ |
|---|---|---|
| 2022 | -66.8% | +0.5% |
| 2023 | +16.1% | -44.0% |
| 2024 | -7.4% | -12.7% |
| 2025 | -37.7% | +5.7% |
| 2026 | +8.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOVE and VXZ good diversifiers for each other?
Yes. With a correlation of -0.40, LOVE and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LOVE and VXZ?
As of 2026-08-27, the correlation of weekly returns between LOVE and VXZ is -0.40 over 3 years, -0.36 over 1 year and -0.44 over 5 years.
Is VXZ a good diversifier for LOVE?
Yes. With a correlation of -0.40, LOVE and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 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/love-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/love-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOVE correlations · VXZ correlations
