ROST vs VXZ: Correlation
How closely do Ross Stores (ROST) 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 -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROST and VXZ?
Across a 3-year window, the weekly returns of ROST and VXZ correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.24). Stretching to 5 years gives -0.31, with an annualized covariance of -147.5 %².
Within ROST's tracked universe of 32 assets, VXZ comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ROST outperformed by 70.4 percentage points (+54.3% for ROST 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.
ROST vs VXZ: side by side
| ROST (Ross Stores) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +54.3% | -16.1% |
| 5-year return | +105.0% | -53.1% |
| Volatility (ann.) | 24.0% | 25.6% |
| Beta vs S&P 500 | 0.66 | -1.31 |
| Max drawdown (3Y) | -21.1% | -36.4% |
| Market cap | $73.7B | – |
| P/E (trailing) | 27.8 | – |
| Dividend yield | 0.72% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | ROST | VXZ |
|---|---|---|
| 2022 | +2.9% | +0.5% |
| 2023 | +20.6% | -44.0% |
| 2024 | +10.4% | -12.7% |
| 2025 | +20.4% | +5.7% |
| 2026 | +28.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROST and VXZ good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ROST and VXZ?
The ROST/VXZ correlation stands at -0.24 on a 3-year window (1 year: 0.06, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ROST?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
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/rost-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rost-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ROST correlations · VXZ correlations
