MYE vs VXZ: Correlation
Myers Industries, Inc. (MYE) 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 MYE and VXZ?
Across a 3-year window, the weekly returns of MYE and VXZ correlate at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -272.9 %².
VXZ is close to the least connected end of MYE's tracked universe, ranking #11 of 13. The last year tells two different stories: MYE led by 118.0 percentage points, +101.9% for MYE against -16.1% for VXZ. Risk is not evenly split, since MYE carries 1.5 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.
MYE vs VXZ: side by side
| MYE (Myers Industries, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +101.9% | -16.1% |
| 5-year return | +70.0% | -53.1% |
| Volatility (ann.) | 39.3% | 25.6% |
| Beta vs S&P 500 | 0.73 | -1.31 |
| Max drawdown (3Y) | -59.0% | -36.4% |
| Market cap | $1.3B | – |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 1.62% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYE | VXZ |
|---|---|---|
| 2022 | +14.0% | +0.5% |
| 2023 | -9.5% | -44.0% |
| 2024 | -41.4% | -12.7% |
| 2025 | +75.7% | +5.7% |
| 2026 | +79.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between MYE and VXZ?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.34 over the last year and -0.33 over 5 years.
Is VXZ a good diversifier for MYE?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/mye-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mye-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MYE correlations · VXZ correlations
