RUSHB vs VXZ: Correlation
How closely do Rush Enterprises, Inc. (RUSHB) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RUSHB and VXZ?
Over the past 3 years, RUSHB and VXZ moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -264.6 %².
Out of 16 assets tracked against RUSHB, VXZ lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with RUSHB ahead by 47.7 points (+31.6% versus -16.1%).
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.
RUSHB vs VXZ: side by side
| RUSHB (Rush Enterprises, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.6% | -16.1% |
| 5-year return | +185.6% | -53.1% |
| Volatility (ann.) | 30.8% | 25.6% |
| Beta vs S&P 500 | 0.88 | -1.31 |
| Max drawdown (3Y) | -28.5% | -36.4% |
| Market cap | $9.0B | – |
| P/E (trailing) | 23.1 | – |
| Dividend yield | 0.99% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RUSHB | VXZ |
|---|---|---|
| 2022 | +5.9% | +0.5% |
| 2023 | +43.4% | -44.0% |
| 2024 | +4.3% | -12.7% |
| 2025 | +4.8% | +5.7% |
| 2026 | +38.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RUSHB and VXZ good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RUSHB and VXZ?
As of 2026-08-27, the correlation of weekly returns between RUSHB and VXZ is -0.34 over 3 years, -0.33 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for RUSHB?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
A reading of -0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rushb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rushb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RUSHB correlations · VXZ correlations
