PFE vs VXZ: Correlation
How closely do Pfizer (PFE) 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 -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFE and VXZ?
On 3 years of weekly data the PFE/VXZ correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.09 over 1 year against -0.18 over 3. The 5-year figure is -0.16, and annualized covariance runs at -112.5 %².
Out of 32 assets tracked against PFE, VXZ lands near the bottom at #28. The last year tells two different stories: PFE led by 35.7 percentage points, +19.6% for PFE 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.
PFE vs VXZ: side by side
| PFE (Pfizer) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.6% | -16.1% |
| 5-year return | -21.9% | -53.1% |
| Volatility (ann.) | 23.8% | 25.6% |
| Beta vs S&P 500 | 0.40 | -1.31 |
| Max drawdown (3Y) | -34.8% | -36.4% |
| Market cap | $159.7B | – |
| P/E (trailing) | 37.4 | – |
| Dividend yield | 6.08% | – |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PFE | VXZ |
|---|---|---|
| 2022 | -10.4% | +0.5% |
| 2023 | -41.3% | -44.0% |
| 2024 | -2.2% | -12.7% |
| 2025 | +0.6% | +5.7% |
| 2026 | +18.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between PFE and VXZ?
As of 2026-08-27, the correlation of weekly returns between PFE and VXZ is -0.18 over 3 years, -0.09 over 1 year and -0.16 over 5 years.
Is VXZ a good diversifier for PFE?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/pfe-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfe-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PFE correlations · VXZ correlations
