LVO vs VXZ: Correlation
How closely do LiveOne, Inc. (LVO) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVO and VXZ?
On 3 years of weekly data the LVO/VXZ correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.23, and annualized covariance runs at -528.1 %².
Out of 13 assets tracked against LVO, VXZ lands near the bottom at #12. The last year tells two different stories: VXZ led by 16.8 percentage points, -32.9% for LVO against -16.1% for VXZ. Risk is not evenly split, since LVO carries 3.2 times the volatility of the other side.
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.
LVO vs VXZ: side by side
| LVO (LiveOne, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -32.9% | -16.1% |
| 5-year return | -88.2% | -53.1% |
| Volatility (ann.) | 82.2% | 25.6% |
| Beta vs S&P 500 | 1.85 | -1.31 |
| Max drawdown (3Y) | -83.1% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LVO | VXZ |
|---|---|---|
| 2022 | -49.7% | +0.5% |
| 2023 | +115.8% | -44.0% |
| 2024 | +5.8% | -12.7% |
| 2025 | -67.9% | +5.7% |
| 2026 | -16.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVO and VXZ good diversifiers for each other?
Yes. With a correlation of -0.25, LVO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LVO and VXZ?
The LVO/VXZ correlation stands at -0.25 on a 3-year window (1 year: -0.18, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for LVO?
Yes. With a correlation of -0.25, LVO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/lvo-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lvo-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LVO correlations · VXZ correlations
