LZ vs VXZ: Correlation
LegalZoom.com, Inc. (LZ) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZ and VXZ?
Across a 3-year window, the weekly returns of LZ and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. Stretching to 5 years gives -0.26, with an annualized covariance of -391.9 %².
VXZ is close to the least connected end of LZ's tracked universe, ranking #14 of 15. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 29.8 percentage points (-45.9% for LZ against -16.1% for VXZ). Note the risk asymmetry: LZ runs 2.0 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.
LZ vs VXZ: side by side
| LZ (LegalZoom.com, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -45.9% | -16.1% |
| 5-year return | -82.4% | -53.1% |
| Volatility (ann.) | 51.4% | 25.6% |
| Beta vs S&P 500 | 0.94 | -1.31 |
| Max drawdown (3Y) | -60.0% | -36.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | 67.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZ | VXZ |
|---|---|---|
| 2022 | -51.8% | +0.5% |
| 2023 | +46.0% | -44.0% |
| 2024 | -33.5% | -12.7% |
| 2025 | +32.2% | +5.7% |
| 2026 | -39.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZ and VXZ good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LZ and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.38 over the last year and -0.26 over 5 years.
Is VXZ a good diversifier for LZ?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/lz-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lz-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LZ correlations · VXZ correlations
