LSPD vs VXZ: Correlation
How closely do Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) 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 -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSPD and VXZ?
Across a 3-year window, the weekly returns of LSPD and VXZ correlate at -0.44, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. Stretching to 5 years gives -0.45, with an annualized covariance of -541.6 %².
VXZ is close to the least connected end of LSPD's tracked universe, ranking #16 of 17. Their 12-month results are close: -11.6% for LSPD against -16.1% for VXZ. Note the risk asymmetry: LSPD runs 1.9 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.
LSPD vs VXZ: side by side
| LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -11.6% | -16.1% |
| 5-year return | -90.0% | -53.1% |
| Volatility (ann.) | 48.1% | 25.6% |
| Beta vs S&P 500 | 1.83 | -1.31 |
| Max drawdown (3Y) | -62.7% | -36.4% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSPD | VXZ |
|---|---|---|
| 2022 | -64.6% | +0.5% |
| 2023 | +46.8% | -44.0% |
| 2024 | -27.4% | -12.7% |
| 2025 | -20.7% | +5.7% |
| 2026 | -10.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSPD and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between LSPD and VXZ?
As of 2026-08-27, the correlation of weekly returns between LSPD and VXZ is -0.44 over 3 years, -0.37 over 1 year and -0.45 over 5 years.
Is VXZ a good diversifier for LSPD?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
A reading of -0.44 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/lspd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lspd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LSPD correlations · VXZ correlations
