PLMR vs VXZ: Correlation
Palomar Holdings, Inc. (PLMR) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLMR and VXZ?
Across a 3-year window, the weekly returns of PLMR and VXZ correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.29, with an annualized covariance of -224.3 %².
Out of 15 assets tracked against PLMR, VXZ lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with PLMR ahead by 21.1 points (+5.0% 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.
PLMR vs VXZ: side by side
| PLMR (Palomar Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.0% | -16.1% |
| 5-year return | +44.4% | -53.1% |
| Volatility (ann.) | 35.9% | 25.6% |
| Beta vs S&P 500 | 0.34 | -1.31 |
| Max drawdown (3Y) | -42.3% | -36.4% |
| Market cap | $3.4B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLMR | VXZ |
|---|---|---|
| 2022 | -30.3% | +0.5% |
| 2023 | +22.9% | -44.0% |
| 2024 | +90.3% | -12.7% |
| 2025 | +27.6% | +5.7% |
| 2026 | -3.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLMR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLMR and VXZ?
The PLMR/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.16, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PLMR?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/plmr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/plmr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLMR correlations · VXZ correlations
