PDLB vs VXZ: Correlation
How closely do Ponce Financial Group, Inc. (PDLB) 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 -0.55, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDLB and VXZ?
On 3 years of weekly data the PDLB/VXZ correlation comes out at -0.55, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.34) than the 3-year average (-0.55). The 5-year figure is -0.46, and annualized covariance runs at -359.2 %².
Among the 13 assets we track against PDLB, VXZ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: PDLB led by 52.5 percentage points, +36.4% for PDLB 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.
PDLB vs VXZ: side by side
| PDLB (Ponce Financial Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +36.4% | -16.1% |
| 5-year return | +106.7% | -53.1% |
| Volatility (ann.) | 25.5% | 25.6% |
| Beta vs S&P 500 | 0.76 | -1.31 |
| Max drawdown (3Y) | -21.5% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDLB | VXZ |
|---|---|---|
| 2022 | -10.3% | +0.5% |
| 2023 | +4.7% | -44.0% |
| 2024 | +33.2% | -12.7% |
| 2025 | +25.8% | +5.7% |
| 2026 | +24.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDLB and VXZ good diversifiers for each other?
Yes: at -0.55, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PDLB and VXZ?
Using weekly returns as of 2026-08-27: -0.55 over 3 years, with -0.34 over the last year and -0.46 over 5 years.
Is VXZ a good diversifier for PDLB?
Yes: at -0.55, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.55 mean?
A reading of -0.55 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/pdlb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pdlb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PDLB correlations · VXZ correlations
