LPL vs VXZ: Correlation
Measured on weekly returns over the past three years, LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPL and VXZ?
On 3 years of weekly data the LPL/VXZ correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. The 5-year figure is -0.35, and annualized covariance runs at -355.0 %².
Out of 11 assets tracked against LPL, VXZ lands near the bottom at #9. The trailing year gives VXZ the advantage: -23.4% versus -16.1%, a 7.3-point spread. Note the risk asymmetry: LPL runs 1.7 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.
LPL vs VXZ: side by side
| LPL (LG Display Co, Ltd AMERICAN DEPOSITORY SHARES) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.4% | -16.1% |
| 5-year return | -62.1% | -53.1% |
| Volatility (ann.) | 43.3% | 25.6% |
| Beta vs S&P 500 | 1.27 | -1.31 |
| Max drawdown (3Y) | -52.8% | -36.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPL | VXZ |
|---|---|---|
| 2022 | -50.9% | +0.5% |
| 2023 | -2.8% | -44.0% |
| 2024 | -36.3% | -12.7% |
| 2025 | +37.1% | +5.7% |
| 2026 | -20.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPL and VXZ good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LPL and VXZ?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.34 over the last year and -0.35 over 5 years.
Is VXZ a good diversifier for LPL?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 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/lpl-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpl-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPL correlations · VXZ correlations
