LSTR vs VXZ: Correlation
Measured on weekly returns over the past three years, Landstar System, Inc. (LSTR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSTR and VXZ?
Across a 3-year window, the weekly returns of LSTR and VXZ correlate at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.24 versus -0.38 over 3 years. Stretching to 5 years gives -0.42, with an annualized covariance of -271.5 %².
VXZ is close to the least connected end of LSTR's tracked universe, ranking #23 of 23. Correlation aside, the last 12 months split them widely, with LSTR ahead by 56.0 points (+39.9% versus -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.
LSTR vs VXZ: side by side
| LSTR (Landstar System, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.9% | -16.1% |
| 5-year return | +17.0% | -53.1% |
| Volatility (ann.) | 28.2% | 25.6% |
| Beta vs S&P 500 | 0.83 | -1.31 |
| Max drawdown (3Y) | -37.5% | -36.4% |
| Market cap | $6.2B | – |
| P/E (trailing) | 47.0 | – |
| Dividend yield | 0.88% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSTR | VXZ |
|---|---|---|
| 2022 | -7.3% | +0.5% |
| 2023 | +21.2% | -44.0% |
| 2024 | -9.7% | -12.7% |
| 2025 | -14.4% | +5.7% |
| 2026 | +29.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSTR and VXZ good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LSTR and VXZ?
The LSTR/VXZ correlation stands at -0.38 on a 3-year window (1 year: -0.24, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for LSTR?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
A reading of -0.38 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/lstr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lstr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LSTR correlations · VXZ correlations
