RUSHA vs VXZ: Correlation
Measured on weekly returns over the past three years, Rush Enterprises, Inc. (RUSHA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RUSHA and VXZ?
Over the past 3 years, RUSHA and VXZ moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -261.0 %².
Out of 13 assets tracked against RUSHA, VXZ lands near the bottom at #13. The last year tells two different stories: RUSHA led by 47.9 percentage points, +31.8% for RUSHA 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.
RUSHA vs VXZ: side by side
| RUSHA (Rush Enterprises, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.8% | -16.1% |
| 5-year return | +177.5% | -53.1% |
| Volatility (ann.) | 31.3% | 25.6% |
| Beta vs S&P 500 | 0.93 | -1.31 |
| Max drawdown (3Y) | -26.8% | -36.4% |
| Market cap | $8.3B | – |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 0.99% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RUSHA | VXZ |
|---|---|---|
| 2022 | -4.5% | +0.5% |
| 2023 | +46.7% | -44.0% |
| 2024 | +10.4% | -12.7% |
| 2025 | -0.2% | +5.7% |
| 2026 | +42.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RUSHA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.33, RUSHA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RUSHA and VXZ?
The RUSHA/VXZ correlation stands at -0.33 on a 3-year window (1 year: -0.25, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for RUSHA?
Yes. With a correlation of -0.33, RUSHA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 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/rusha-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rusha-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RUSHA correlations · VXZ correlations
