PRCH vs VXZ: Correlation
Porch Group, Inc. (PRCH) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRCH and VXZ?
Across a 3-year window, the weekly returns of PRCH and VXZ correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -950.5 %².
Out of 12 assets tracked against PRCH, VXZ lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with PRCH ahead by 23.3 points (+7.2% versus -16.1%). Note the risk asymmetry: PRCH runs 4.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PRCH vs VXZ: side by side
| PRCH (Porch Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.2% | -16.1% |
| 5-year return | -10.6% | -53.1% |
| Volatility (ann.) | 118.2% | 25.6% |
| Beta vs S&P 500 | 2.67 | -1.31 |
| Max drawdown (3Y) | -75.8% | -36.4% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRCH | VXZ |
|---|---|---|
| 2022 | -87.9% | +0.5% |
| 2023 | +63.8% | -44.0% |
| 2024 | +59.7% | -12.7% |
| 2025 | +85.6% | +5.7% |
| 2026 | +91.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRCH and VXZ good diversifiers for each other?
Yes. With a correlation of -0.31, PRCH and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PRCH and VXZ?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.38 over the last year and -0.33 over 5 years.
Is VXZ a good diversifier for PRCH?
Yes. With a correlation of -0.31, PRCH and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/prch-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prch-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PRCH correlations · VXZ correlations
