PLXS vs VXZ: Correlation
How closely do Plexus Corp. (PLXS) 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 -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLXS and VXZ?
On 3 years of weekly data the PLXS/VXZ correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.39 over 3 years. The 5-year figure is -0.38, and annualized covariance runs at -332.4 %².
Out of 13 assets tracked against PLXS, VXZ lands near the bottom at #12. The last year tells two different stories: PLXS led by 93.2 percentage points, +77.1% for PLXS against -16.1% for VXZ.
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.
PLXS vs VXZ: side by side
| PLXS (Plexus Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +77.1% | -16.1% |
| 5-year return | +165.9% | -53.1% |
| Volatility (ann.) | 33.3% | 25.6% |
| Beta vs S&P 500 | 1.03 | -1.31 |
| Max drawdown (3Y) | -34.9% | -36.4% |
| Market cap | $6.5B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLXS | VXZ |
|---|---|---|
| 2022 | +7.3% | +0.5% |
| 2023 | +5.1% | -44.0% |
| 2024 | +44.7% | -12.7% |
| 2025 | -6.1% | +5.7% |
| 2026 | +67.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLXS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLXS and VXZ?
The PLXS/VXZ correlation stands at -0.39 on a 3-year window (1 year: -0.17, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PLXS?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 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/plxs-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/plxs-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLXS correlations · VXZ correlations
