SLRC vs VXZ: Correlation
How closely do SLR Investment Corp. - Closed End Fund (SLRC) 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 -0.47, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLRC and VXZ?
Over the past 3 years, SLRC and VXZ moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.34) than the 3-year average (-0.47). Over 5 years the correlation is -0.49, and the annualized covariance of weekly returns is -235.6 %².
VXZ is close to the least connected end of SLRC's tracked universe, ranking #13 of 14. Twelve-month performance is nearly a tie, at -15.7% for SLRC and -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.
SLRC vs VXZ: side by side
| SLRC (SLR Investment Corp. - Closed End Fund) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -15.7% | -16.1% |
| 5-year return | +11.2% | -53.1% |
| Volatility (ann.) | 19.4% | 25.6% |
| Beta vs S&P 500 | 0.56 | -1.31 |
| Max drawdown (3Y) | -22.4% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | 9.2 | – |
| Dividend yield | 12.31% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLRC | VXZ |
|---|---|---|
| 2022 | -16.1% | +0.5% |
| 2023 | +20.6% | -44.0% |
| 2024 | +19.1% | -12.7% |
| 2025 | +5.7% | +5.7% |
| 2026 | -14.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLRC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between SLRC and VXZ?
The SLRC/VXZ correlation stands at -0.47 on a 3-year window (1 year: -0.34, 5 years: -0.49), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SLRC?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/slrc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/slrc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLRC correlations · VXZ correlations
