OPFI vs VXZ: Correlation
Measured on weekly returns over the past three years, OppFi Inc. (OPFI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPFI and VXZ?
On 3 years of weekly data the OPFI/VXZ correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.52 versus -0.36 over 3 years. The 5-year figure is -0.37, and annualized covariance runs at -637.4 %².
Among the 10 assets we track against OPFI, VXZ sits near the bottom by co-movement, at rank #10. Over the last 12 months VXZ came out ahead by 13.5 percentage points (-29.6% against -16.1%). Risk is not evenly split, since OPFI carries 2.7 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.
OPFI vs VXZ: side by side
| OPFI (OppFi Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -29.6% | -16.1% |
| 5-year return | -1.0% | -53.1% |
| Volatility (ann.) | 68.6% | 25.6% |
| Beta vs S&P 500 | 1.38 | -1.31 |
| Max drawdown (3Y) | -59.9% | -36.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | 2.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPFI | VXZ |
|---|---|---|
| 2022 | -54.8% | +0.5% |
| 2023 | +149.8% | -44.0% |
| 2024 | +56.0% | -12.7% |
| 2025 | +40.9% | +5.7% |
| 2026 | -31.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPFI and VXZ good diversifiers for each other?
Yes. With a correlation of -0.36, OPFI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OPFI and VXZ?
The OPFI/VXZ correlation stands at -0.36 on a 3-year window (1 year: -0.52, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for OPFI?
Yes. With a correlation of -0.36, OPFI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 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/opfi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/opfi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OPFI correlations · VXZ correlations
