SEED vs VXZ: Correlation
Measured on weekly returns over the past three years, Origin Agritech Limited (SEED) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEED and VXZ?
Across a 3-year window, the weekly returns of SEED and VXZ correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.18). Stretching to 5 years gives -0.11, with an annualized covariance of -389.9 %².
VXZ is close to the least connected end of SEED's tracked universe, ranking #9 of 10. Twelve-month performance is nearly a tie, at -19.7% for SEED and -16.1% for VXZ. Risk is not evenly split, since SEED carries 3.4 times the volatility of the other side.
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.
SEED vs VXZ: side by side
| SEED (Origin Agritech Limited) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.7% | -16.1% |
| 5-year return | -88.2% | -53.1% |
| Volatility (ann.) | 86.1% | 25.6% |
| Beta vs S&P 500 | 0.93 | -1.31 |
| Max drawdown (3Y) | -86.5% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SEED | VXZ |
|---|---|---|
| 2022 | -3.1% | +0.5% |
| 2023 | -67.6% | -44.0% |
| 2024 | -6.7% | -12.7% |
| 2025 | -47.1% | +5.7% |
| 2026 | -11.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEED and VXZ good diversifiers for each other?
Yes. With a correlation of -0.18, SEED and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SEED and VXZ?
The SEED/VXZ correlation stands at -0.18 on a 3-year window (1 year: -0.03, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SEED?
Yes. With a correlation of -0.18, SEED and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/seed-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/seed-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SEED correlations · VXZ correlations
