SON vs VXZ: Correlation
Sonoco Products Company (SON) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SON and VXZ?
Over the past 3 years, SON and VXZ moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.36 over 3. Over 5 years the correlation is -0.43, and the annualized covariance of weekly returns is -240.0 %².
VXZ is close to the least connected end of SON's tracked universe, ranking #14 of 15. Their recent paths diverged sharply: over the last 12 months SON outperformed by 42.6 percentage points (+26.5% for SON 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.
SON vs VXZ: side by side
| SON (Sonoco Products Company) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.5% | -16.1% |
| 5-year return | +4.8% | -53.1% |
| Volatility (ann.) | 25.7% | 25.6% |
| Beta vs S&P 500 | 0.62 | -1.31 |
| Max drawdown (3Y) | -32.5% | -36.4% |
| Market cap | $5.6B | – |
| P/E (trailing) | 8.9 | – |
| Dividend yield | 3.70% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SON | VXZ |
|---|---|---|
| 2022 | +8.3% | +0.5% |
| 2023 | -4.7% | -44.0% |
| 2024 | -9.1% | -12.7% |
| 2025 | -6.3% | +5.7% |
| 2026 | +33.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SON and VXZ good diversifiers for each other?
Yes. With a correlation of -0.36, SON and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SON and VXZ?
As of 2026-08-27, the correlation of weekly returns between SON and VXZ is -0.36 over 3 years, -0.34 over 1 year and -0.43 over 5 years.
Is VXZ a good diversifier for SON?
Yes. With a correlation of -0.36, SON and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/son-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/son-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SON correlations · VXZ correlations
