MET vs VXZ: Correlation
How closely do MetLife (MET) 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 -0.58, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and VXZ?
Across a 3-year window, the weekly returns of MET and VXZ correlate at -0.58, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.36 versus -0.58 over 3 years. Stretching to 5 years gives -0.55, with an annualized covariance of -348.2 %².
Among the 37 assets we track against MET, VXZ sits near the bottom by co-movement, at rank #37. Their recent paths diverged sharply: over the last 12 months MET outperformed by 38.2 percentage points (+22.1% for MET against -16.1% for VXZ).
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.
MET vs VXZ: side by side
| MET (MetLife) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +22.1% | -16.1% |
| 5-year return | +80.8% | -53.1% |
| Volatility (ann.) | 23.3% | 25.6% |
| Beta vs S&P 500 | 0.89 | -1.31 |
| Max drawdown (3Y) | -22.0% | -36.4% |
| Market cap | $61.2B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.38% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MET | VXZ |
|---|---|---|
| 2022 | +19.2% | +0.5% |
| 2023 | -5.5% | -44.0% |
| 2024 | +27.7% | -12.7% |
| 2025 | -0.8% | +5.7% |
| 2026 | +24.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MET and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
FAQ
What is the correlation between MET and VXZ?
Using weekly returns as of 2026-08-27: -0.58 over 3 years, with -0.36 over the last year and -0.55 over 5 years.
Is VXZ a good diversifier for MET?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
What does a correlation of -0.58 mean?
On the −1 to +1 scale, -0.58 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/met-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/met-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MET correlations · VXZ correlations
