SFIX vs VXZ: Correlation
Measured on weekly returns over the past three years, Stitch Fix, Inc. (SFIX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFIX and VXZ?
Over the past 3 years, SFIX and VXZ moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -572.6 %².
Among the 10 assets we track against SFIX, VXZ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: VXZ led by 27.4 percentage points, -43.5% for SFIX against -16.1% for VXZ. Risk is not evenly split, since SFIX carries 2.9 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.
SFIX vs VXZ: side by side
| SFIX (Stitch Fix, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -43.5% | -16.1% |
| 5-year return | -92.6% | -53.1% |
| Volatility (ann.) | 74.6% | 25.6% |
| Beta vs S&P 500 | 1.71 | -1.31 |
| Max drawdown (3Y) | -58.6% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFIX | VXZ |
|---|---|---|
| 2022 | -83.6% | +0.5% |
| 2023 | +14.8% | -44.0% |
| 2024 | +20.7% | -12.7% |
| 2025 | +21.8% | +5.7% |
| 2026 | -41.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFIX and VXZ good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SFIX and VXZ?
The SFIX/VXZ correlation stands at -0.30 on a 3-year window (1 year: -0.21, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SFIX?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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/sfix-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sfix-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SFIX correlations · VXZ correlations
