LZ vs VXX: Correlation
Measured on weekly returns over the past three years, LegalZoom.com, Inc. (LZ) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZ and VXX?
Across a 3-year window, the weekly returns of LZ and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -983.5 %².
VXX is close to the least connected end of LZ's tracked universe, ranking #15 of 15. Twelve-month performance is nearly a tie, at -45.9% for LZ and -49.7% for VXX.
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.
LZ vs VXX: side by side
| LZ (LegalZoom.com, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -45.9% | -49.7% |
| 5-year return | -82.4% | -95.6% |
| Volatility (ann.) | 51.4% | 60.9% |
| Beta vs S&P 500 | 0.94 | -3.31 |
| Max drawdown (3Y) | -60.0% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 67.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZ | VXX |
|---|---|---|
| 2022 | -51.8% | -23.8% |
| 2023 | +46.0% | -72.5% |
| 2024 | -33.5% | -26.2% |
| 2025 | +32.2% | -42.2% |
| 2026 | -39.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZ and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, LZ and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LZ and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.32 over the last year and -0.21 over 5 years.
Is VXX a good diversifier for LZ?
Yes. With a correlation of -0.31, LZ and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lz-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lz-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LZ correlations · VXX correlations
