PAL vs VXZ: Correlation
Measured on weekly returns over the past three years, Proficient Auto Logistics, Inc. (PAL) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAL and VXZ?
Across a 3-year window, the weekly returns of PAL and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.30 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -608.8 %².
VXZ is close to the least connected end of PAL's tracked universe, ranking #13 of 15. The last year tells two different stories: VXZ led by 18.2 percentage points, -34.3% for PAL against -16.1% for VXZ. One caveat on sizing: PAL is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PAL vs VXZ: side by side
| PAL (Proficient Auto Logistics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.3% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 79.8% | 25.6% |
| Beta vs S&P 500 | 1.84 | -1.31 |
| Max drawdown (3Y) | -76.0% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAL | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | +19.5% | +5.7% |
| 2026 | -44.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAL and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, PAL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PAL and VXZ?
As of 2026-08-27, the correlation of weekly returns between PAL and VXZ is -0.30 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is VXZ a good diversifier for PAL?
Yes. With a correlation of -0.30, PAL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/pal-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pal-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PAL correlations · VXZ correlations
