LPX vs VXZ: Correlation
Louisiana-Pacific Corporation (LPX) 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 -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPX and VXZ?
Across a 3-year window, the weekly returns of LPX and VXZ correlate at -0.41, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.41 over 3. Stretching to 5 years gives -0.43, with an annualized covariance of -396.1 %².
Out of 20 assets tracked against LPX, VXZ lands near the bottom at #20. On 12-month performance VXZ holds a 9.2-point edge, -25.3% against -16.1%.
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.
LPX vs VXZ: side by side
| LPX (Louisiana-Pacific Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.3% | -16.1% |
| 5-year return | +15.9% | -53.1% |
| Volatility (ann.) | 37.4% | 25.6% |
| Beta vs S&P 500 | 1.15 | -1.31 |
| Max drawdown (3Y) | -43.1% | -36.4% |
| Market cap | $4.9B | – |
| P/E (trailing) | 93.1 | – |
| Dividend yield | 1.63% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPX | VXZ |
|---|---|---|
| 2022 | -23.4% | +0.5% |
| 2023 | +21.5% | -44.0% |
| 2024 | +47.9% | -12.7% |
| 2025 | -21.0% | +5.7% |
| 2026 | -11.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX and VXZ good diversifiers for each other?
Yes. With a correlation of -0.41, LPX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LPX and VXZ?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.34 over the last year and -0.43 over 5 years.
Is VXZ a good diversifier for LPX?
Yes. With a correlation of -0.41, LPX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lpx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPX correlations · VXZ correlations
