VFC vs VXZ: Correlation
How closely do V.F. Corporation (VFC) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VFC and VXZ?
Across a 3-year window, the weekly returns of VFC and VXZ correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.26 over 3 years. Stretching to 5 years gives -0.35, with an annualized covariance of -364.5 %².
Among the 14 assets we track against VFC, VXZ sits near the bottom by co-movement, at rank #13. On 12-month performance VFC holds a 9.4-point edge, -6.7% against -16.1%. Risk is not evenly split, since VFC carries 2.1 times the volatility of the other side.
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.
VFC vs VXZ: side by side
| VFC (V.F. Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.7% | -16.1% |
| 5-year return | -79.1% | -53.1% |
| Volatility (ann.) | 54.9% | 25.6% |
| Beta vs S&P 500 | 1.25 | -1.31 |
| Max drawdown (3Y) | -63.7% | -36.4% |
| Market cap | $5.4B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 12.96% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VFC | VXZ |
|---|---|---|
| 2022 | -60.4% | +0.5% |
| 2023 | -28.5% | -44.0% |
| 2024 | +16.6% | -12.7% |
| 2025 | -13.8% | +5.7% |
| 2026 | -23.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VFC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between VFC and VXZ?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.42 over the last year and -0.35 over 5 years.
Is VXZ a good diversifier for VFC?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/vfc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vfc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VFC correlations · VXZ correlations
