PHM vs VXZ: Correlation
PulteGroup (PHM) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHM and VXZ?
Over the past 3 years, PHM and VXZ moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.39 over 3. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -321.3 %².
Among the 47 assets we track against PHM, VXZ sits near the bottom by co-movement, at rank #47. The trailing year gives PHM the advantage: -2.5% versus -16.1%, a 13.6-point spread.
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.
PHM vs VXZ: side by side
| PHM (PulteGroup) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.5% | -16.1% |
| 5-year return | +145.5% | -53.1% |
| Volatility (ann.) | 32.2% | 25.6% |
| Beta vs S&P 500 | 0.82 | -1.31 |
| Max drawdown (3Y) | -38.0% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 0.77% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | PHM | VXZ |
|---|---|---|
| 2022 | -19.2% | +0.5% |
| 2023 | +128.8% | -44.0% |
| 2024 | +6.2% | -12.7% |
| 2025 | +8.5% | +5.7% |
| 2026 | +8.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHM and VXZ good diversifiers for each other?
Yes. With a correlation of -0.39, PHM and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PHM and VXZ?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.36 over the last year and -0.41 over 5 years.
Is VXZ a good diversifier for PHM?
Yes. With a correlation of -0.39, PHM and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/phm-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phm-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PHM correlations · VXZ correlations
