OPRT vs VXZ: Correlation
Oportun Financial Corporation (OPRT) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPRT and VXZ?
Across a 3-year window, the weekly returns of OPRT and VXZ correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.28 over 3 years. Stretching to 5 years gives -0.32, with an annualized covariance of -607.2 %².
Out of 11 assets tracked against OPRT, VXZ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with OPRT ahead by 30.5 points (+14.4% versus -16.1%). Note the risk asymmetry: OPRT runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OPRT vs VXZ: side by side
| OPRT (Oportun Financial Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.4% | -16.1% |
| 5-year return | -69.9% | -53.1% |
| Volatility (ann.) | 83.4% | 25.6% |
| Beta vs S&P 500 | 1.77 | -1.31 |
| Max drawdown (3Y) | -72.0% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 18.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPRT | VXZ |
|---|---|---|
| 2022 | -72.8% | +0.5% |
| 2023 | -29.0% | -44.0% |
| 2024 | -0.8% | -12.7% |
| 2025 | +36.3% | +5.7% |
| 2026 | +41.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPRT and VXZ good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OPRT and VXZ?
The OPRT/VXZ correlation stands at -0.28 on a 3-year window (1 year: -0.42, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for OPRT?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/oprt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oprt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OPRT correlations · VXZ correlations
