PSBD vs VXZ: Correlation
Measured on weekly returns over the past three years, Palmer Square Capital BDC Inc. (PSBD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSBD and VXZ?
Over the past 3 years, PSBD and VXZ moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -112.2 %².
Among the 12 assets we track against PSBD, VXZ sits near the bottom by co-movement, at rank #11. Their 12-month results are close: -14.3% for PSBD 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.
PSBD vs VXZ: side by side
| PSBD (Palmer Square Capital BDC Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.3% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 17.8% | 25.6% |
| Beta vs S&P 500 | 0.46 | -1.31 |
| Max drawdown (3Y) | -28.9% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSBD | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | -9.0% | +5.7% |
| 2026 | -9.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSBD and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between PSBD and VXZ?
As of 2026-08-27, the correlation of weekly returns between PSBD and VXZ is -0.25 over 3 years, -0.23 over 1 year and n/a over 5 years.
Is VXZ a good diversifier for PSBD?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/psbd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psbd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSBD correlations · VXZ correlations
