LOW vs VXZ: Correlation
Lowe's (LOW) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and VXZ?
Over the past 3 years, LOW and VXZ moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.41 lands near the 3-year figure. Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -248.1 %².
Out of 46 assets tracked against LOW, VXZ lands near the bottom at #46. Twelve-month performance is nearly a tie, at -18.4% for LOW and -16.1% for VXZ.
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.
LOW vs VXZ: side by side
| LOW (Lowe's) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.4% | -16.1% |
| 5-year return | +11.1% | -53.1% |
| Volatility (ann.) | 24.8% | 25.6% |
| Beta vs S&P 500 | 0.83 | -1.31 |
| Max drawdown (3Y) | -29.0% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 17.8 | – |
| Dividend yield | 2.31% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LOW | VXZ |
|---|---|---|
| 2022 | -21.5% | +0.5% |
| 2023 | +14.0% | -44.0% |
| 2024 | +13.0% | -12.7% |
| 2025 | -0.3% | +5.7% |
| 2026 | -12.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between LOW and VXZ?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.41 over the last year and -0.38 over 5 years.
Is VXZ a good diversifier for LOW?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 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/low-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/low-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOW correlations · VXZ correlations
