TREE vs VXZ: Correlation
Measured on weekly returns over the past three years, LendingTree, Inc. (TREE) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TREE and VXZ?
On 3 years of weekly data the TREE/VXZ correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.21) runs above the 3-year figure (-0.41). The 5-year figure is -0.44, and annualized covariance runs at -791.3 %².
Out of 15 assets tracked against TREE, VXZ lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 42.1 percentage points (-58.2% for TREE against -16.1% for VXZ). One caveat on sizing: TREE is 3.0 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.
TREE vs VXZ: side by side
| TREE (LendingTree, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -58.2% | -16.1% |
| 5-year return | -83.0% | -53.1% |
| Volatility (ann.) | 76.1% | 25.6% |
| Beta vs S&P 500 | 1.99 | -1.31 |
| Max drawdown (3Y) | -63.0% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 2.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TREE | VXZ |
|---|---|---|
| 2022 | -82.6% | +0.5% |
| 2023 | +42.1% | -44.0% |
| 2024 | +27.8% | -12.7% |
| 2025 | +37.0% | +5.7% |
| 2026 | -46.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TREE and VXZ good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TREE and VXZ?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.21 over the last year and -0.44 over 5 years.
Is VXZ a good diversifier for TREE?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tree-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tree-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TREE correlations · VXZ correlations
