LZB vs VXZ: Correlation
La-Z-Boy Incorporated (LZB) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZB and VXZ?
On 3 years of weekly data the LZB/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.27 over 3 years. The 5-year figure is -0.32, and annualized covariance runs at -230.8 %².
VXZ is close to the least connected end of LZB's tracked universe, ranking #12 of 14. Over the last 12 months LZB came out ahead by 7.2 percentage points (-8.9% against -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.
LZB vs VXZ: side by side
| LZB (La-Z-Boy Incorporated) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.9% | -16.1% |
| 5-year return | +3.8% | -53.1% |
| Volatility (ann.) | 33.7% | 25.6% |
| Beta vs S&P 500 | 0.78 | -1.31 |
| Max drawdown (3Y) | -37.9% | -36.4% |
| Market cap | $1.3B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 2.93% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZB | VXZ |
|---|---|---|
| 2022 | -35.5% | +0.5% |
| 2023 | +65.7% | -44.0% |
| 2024 | +20.4% | -12.7% |
| 2025 | -12.5% | +5.7% |
| 2026 | -11.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.27, LZB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LZB and VXZ?
As of 2026-08-27, the correlation of weekly returns between LZB and VXZ is -0.27 over 3 years, -0.13 over 1 year and -0.32 over 5 years.
Is VXZ a good diversifier for LZB?
Yes. With a correlation of -0.27, LZB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/lzb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lzb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LZB correlations · VXZ correlations
