UFPI vs VXZ: Correlation
How closely do UFP Industries, Inc. (UFPI) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UFPI and VXZ?
On 3 years of weekly data the UFPI/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 (-0.29) runs above the 3-year figure (-0.41). The 5-year figure is -0.43, and annualized covariance runs at -310.4 %².
Among the 38 assets we track against UFPI, VXZ sits near the bottom by co-movement, at rank #38. Twelve-month performance is nearly a tie, at -16.1% for UFPI 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.
UFPI vs VXZ: side by side
| UFPI (UFP Industries, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -16.1% | -16.1% |
| 5-year return | +16.0% | -53.1% |
| Volatility (ann.) | 29.4% | 25.6% |
| Beta vs S&P 500 | 0.82 | -1.31 |
| Max drawdown (3Y) | -41.9% | -36.4% |
| Market cap | $4.7B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 1.64% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UFPI | VXZ |
|---|---|---|
| 2022 | -12.9% | +0.5% |
| 2023 | +60.3% | -44.0% |
| 2024 | -9.3% | -12.7% |
| 2025 | -18.0% | +5.7% |
| 2026 | -5.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UFPI and VXZ good diversifiers for each other?
Yes. With a correlation of -0.41, UFPI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UFPI and VXZ?
The UFPI/VXZ correlation stands at -0.41 on a 3-year window (1 year: -0.29, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for UFPI?
Yes. With a correlation of -0.41, UFPI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/ufpi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ufpi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UFPI correlations · VXZ correlations
