TRS vs VXZ: Correlation
How closely do TriMas Corporation (TRS) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRS and VXZ?
Across a 3-year window, the weekly returns of TRS and VXZ correlate at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -268.0 %².
Out of 11 assets tracked against TRS, VXZ lands near the bottom at #10. The last year tells two different stories: TRS led by 18.9 percentage points, +2.8% for TRS 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.
TRS vs VXZ: side by side
| TRS (TriMas Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.8% | -16.1% |
| 5-year return | +25.8% | -53.1% |
| Volatility (ann.) | 33.3% | 25.6% |
| Beta vs S&P 500 | 0.76 | -1.31 |
| Max drawdown (3Y) | -29.5% | -36.4% |
| Market cap | $1.4B | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 0.40% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRS | VXZ |
|---|---|---|
| 2022 | -24.6% | +0.5% |
| 2023 | -8.1% | -44.0% |
| 2024 | -2.3% | -12.7% |
| 2025 | +45.0% | +5.7% |
| 2026 | +12.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between TRS and VXZ?
The TRS/VXZ correlation stands at -0.31 on a 3-year window (1 year: -0.37, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for TRS?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/trs-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trs-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRS correlations · VXZ correlations
