PLCE vs VXZ: Correlation
How closely do Children's Place, Inc. (The) (PLCE) 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 -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLCE and VXZ?
Across a 3-year window, the weekly returns of PLCE and VXZ correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.21 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -839.6 %².
Out of 21 assets tracked against PLCE, VXZ lands near the bottom at #20. Correlation aside, the last 12 months split them widely, with VXZ ahead by 31.0 points (-47.1% versus -16.1%). One caveat on sizing: PLCE is 6.2 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.
PLCE vs VXZ: side by side
| PLCE (Children's Place, Inc. (The)) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -47.1% | -16.1% |
| 5-year return | -97.2% | -53.1% |
| Volatility (ann.) | 159.8% | 25.6% |
| Beta vs S&P 500 | 2.28 | -1.31 |
| Max drawdown (3Y) | -92.3% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLCE | VXZ |
|---|---|---|
| 2022 | -54.1% | +0.5% |
| 2023 | -36.2% | -44.0% |
| 2024 | -55.0% | -12.7% |
| 2025 | -62.0% | +5.7% |
| 2026 | -38.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLCE and VXZ good diversifiers for each other?
Yes. With a correlation of -0.21, PLCE and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PLCE and VXZ?
As of 2026-08-27, the correlation of weekly returns between PLCE and VXZ is -0.21 over 3 years, -0.33 over 1 year and -0.20 over 5 years.
Is VXZ a good diversifier for PLCE?
Yes. With a correlation of -0.21, PLCE and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/plce-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/plce-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLCE correlations · VXZ correlations
