LXU vs VXZ: Correlation
LSB Industries, Inc. (LXU) 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 -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXU and VXZ?
Over the past 3 years, LXU and VXZ moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.29 versus -0.19 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -225.1 %².
VXZ is close to the least connected end of LXU's tracked universe, ranking #11 of 12. The last year tells two different stories: LXU led by 42.3 percentage points, +26.2% for LXU against -16.1% for VXZ. Note the risk asymmetry: LXU runs 1.8 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.
LXU vs VXZ: side by side
| LXU (LSB Industries, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.2% | -16.1% |
| 5-year return | +67.6% | -53.1% |
| Volatility (ann.) | 45.6% | 25.6% |
| Beta vs S&P 500 | 0.53 | -1.31 |
| Max drawdown (3Y) | -53.8% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXU | VXZ |
|---|---|---|
| 2022 | +20.4% | +0.5% |
| 2023 | -30.0% | -44.0% |
| 2024 | -18.5% | -12.7% |
| 2025 | +12.0% | +5.7% |
| 2026 | +22.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXU and VXZ good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LXU and VXZ?
The LXU/VXZ correlation stands at -0.19 on a 3-year window (1 year: 0.29, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for LXU?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/lxu-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lxu-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LXU correlations · VXZ correlations
