SCD vs VXZ: Correlation
Measured on weekly returns over the past three years, LMP Capital and Income Fund Inc. (SCD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.63, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCD and VXZ?
Over the past 3 years, SCD and VXZ moved with a correlation of -0.63, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.51) than the 3-year average (-0.63). Over 5 years the correlation is -0.60, and the annualized covariance of weekly returns is -280.0 %².
VXZ is close to the least connected end of SCD's tracked universe, ranking #11 of 12. The last year tells two different stories: SCD led by 27.0 percentage points, +10.9% for SCD 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.
SCD vs VXZ: side by side
| SCD (LMP Capital and Income Fund Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.9% | -16.1% |
| 5-year return | +68.6% | -53.1% |
| Volatility (ann.) | 17.4% | 25.6% |
| Beta vs S&P 500 | 0.81 | -1.31 |
| Max drawdown (3Y) | -21.8% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 9.25% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCD | VXZ |
|---|---|---|
| 2022 | -14.0% | +0.5% |
| 2023 | +27.9% | -44.0% |
| 2024 | +33.7% | -12.7% |
| 2025 | -5.7% | +5.7% |
| 2026 | +12.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCD and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.63 means the two rarely move for the same reasons.
FAQ
What is the correlation between SCD and VXZ?
The SCD/VXZ correlation stands at -0.63 on a 3-year window (1 year: -0.51, 5 years: -0.60), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SCD?
By historical standards, yes. A correlation of -0.63 means the two rarely move for the same reasons.
What does a correlation of -0.63 mean?
On the −1 to +1 scale, -0.63 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/scd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/scd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SCD correlations · VXZ correlations
