MEI vs VXZ: Correlation
How closely do Methode Electronics, Inc. (MEI) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEI and VXZ?
Over the past 3 years, MEI and VXZ moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -675.3 %².
Among the 10 assets we track against MEI, VXZ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: MEI led by 150.8 percentage points, +134.7% for MEI against -16.1% for VXZ. Risk is not evenly split, since MEI carries 3.0 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.
MEI vs VXZ: side by side
| MEI (Methode Electronics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +134.7% | -16.1% |
| 5-year return | -56.2% | -53.1% |
| Volatility (ann.) | 76.6% | 25.6% |
| Beta vs S&P 500 | 1.94 | -1.31 |
| Max drawdown (3Y) | -82.7% | -36.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.29% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEI | VXZ |
|---|---|---|
| 2022 | -8.5% | +0.5% |
| 2023 | -47.9% | -44.0% |
| 2024 | -46.0% | -12.7% |
| 2025 | -40.5% | +5.7% |
| 2026 | +172.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEI and VXZ good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MEI and VXZ?
The MEI/VXZ correlation stands at -0.34 on a 3-year window (1 year: -0.37, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for MEI?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 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/mei-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mei-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MEI correlations · VXZ correlations
