STLA vs VXZ: Correlation
How closely do Stellantis N.V. (STLA) 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 -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STLA and VXZ?
Across a 3-year window, the weekly returns of STLA and VXZ correlate at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives -0.45, with an annualized covariance of -408.9 %².
Out of 13 assets tracked against STLA, VXZ lands near the bottom at #12. The last year tells two different stories: VXZ led by 28.4 percentage points, -44.5% for STLA against -16.1% for VXZ. One caveat on sizing: STLA is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
STLA vs VXZ: side by side
| STLA (Stellantis N.V.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -44.5% | -16.1% |
| 5-year return | -63.8% | -53.1% |
| Volatility (ann.) | 44.7% | 25.6% |
| Beta vs S&P 500 | 1.33 | -1.31 |
| Max drawdown (3Y) | -80.0% | -36.4% |
| Market cap | $19.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STLA | VXZ |
|---|---|---|
| 2022 | -18.2% | +0.5% |
| 2023 | +79.2% | -44.0% |
| 2024 | -40.2% | -12.7% |
| 2025 | -9.2% | +5.7% |
| 2026 | -51.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STLA and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between STLA and VXZ?
As of 2026-08-27, the correlation of weekly returns between STLA and VXZ is -0.36 over 3 years, -0.30 over 1 year and -0.45 over 5 years.
Is VXZ a good diversifier for STLA?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/stla-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stla-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STLA correlations · VXZ correlations
