PFGC vs VXZ: Correlation
Measured on weekly returns over the past three years, Performance Food Group Company (PFGC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFGC and VXZ?
On 3 years of weekly data the PFGC/VXZ correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.32) runs above the 3-year figure (-0.44). The 5-year figure is -0.42, and annualized covariance runs at -282.6 %².
Out of 12 assets tracked against PFGC, VXZ lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with PFGC ahead by 16.8 points (+0.7% versus -16.1%).
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.
PFGC vs VXZ: side by side
| PFGC (Performance Food Group Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.7% | -16.1% |
| 5-year return | +113.4% | -53.1% |
| Volatility (ann.) | 25.2% | 25.6% |
| Beta vs S&P 500 | 0.80 | -1.31 |
| Max drawdown (3Y) | -25.5% | -36.4% |
| Market cap | $16.0B | – |
| P/E (trailing) | 44.8 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFGC | VXZ |
|---|---|---|
| 2022 | +27.2% | +0.5% |
| 2023 | +18.4% | -44.0% |
| 2024 | +22.3% | -12.7% |
| 2025 | +6.4% | +5.7% |
| 2026 | +13.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFGC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between PFGC and VXZ?
As of 2026-08-27, the correlation of weekly returns between PFGC and VXZ is -0.44 over 3 years, -0.32 over 1 year and -0.42 over 5 years.
Is VXZ a good diversifier for PFGC?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
A reading of -0.44 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/pfgc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfgc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PFGC correlations · VXZ correlations
