PINS vs VXZ: Correlation
Pinterest, Inc. (PINS) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PINS and VXZ?
On 3 years of weekly data the PINS/VXZ correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.20) runs above the 3-year figure (-0.40). The 5-year figure is -0.39, and annualized covariance runs at -495.6 %².
VXZ is close to the least connected end of PINS's tracked universe, ranking #15 of 16. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 20.6 percentage points (-36.7% for PINS against -16.1% for VXZ). One caveat on sizing: PINS is 1.9 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.
PINS vs VXZ: side by side
| PINS (Pinterest, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -36.7% | -16.1% |
| 5-year return | -59.5% | -53.1% |
| Volatility (ann.) | 48.1% | 25.6% |
| Beta vs S&P 500 | 1.48 | -1.31 |
| Max drawdown (3Y) | -65.7% | -36.4% |
| Market cap | $13.0B | – |
| P/E (trailing) | 69.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PINS | VXZ |
|---|---|---|
| 2022 | -33.2% | +0.5% |
| 2023 | +52.6% | -44.0% |
| 2024 | -21.7% | -12.7% |
| 2025 | -10.7% | +5.7% |
| 2026 | -11.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PINS and VXZ good diversifiers for each other?
Yes. With a correlation of -0.40, PINS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PINS and VXZ?
As of 2026-08-27, the correlation of weekly returns between PINS and VXZ is -0.40 over 3 years, -0.20 over 1 year and -0.39 over 5 years.
Is VXZ a good diversifier for PINS?
Yes. With a correlation of -0.40, PINS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 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/pins-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pins-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PINS correlations · VXZ correlations
