VXZ vs WCC: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and WESCO International, Inc. (WCC) carry a correlation of -0.52, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WCC?
On 3 years of weekly data the VXZ/WCC correlation comes out at -0.52, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.27) than the 3-year average (-0.52). The 5-year figure is -0.52, and annualized covariance runs at -510.8 %².
Among the 2840 assets we track against VXZ, WCC ranks #2599 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WCC ahead by 71.5 points (-16.1% versus +55.4%).
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.
VXZ vs WCC: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WCC (WESCO International, Inc.) | |
|---|---|---|
| 1-year return | -16.1% | +55.4% |
| 5-year return | -53.1% | +203.7% |
| Volatility (ann.) | 25.6% | 38.3% |
| Beta vs S&P 500 | -1.31 | 1.59 |
| Max drawdown (3Y) | -36.4% | -37.4% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 24.0 |
| Dividend yield | – | 0.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | WCC |
|---|---|---|
| 2022 | +0.5% | -4.9% |
| 2023 | -44.0% | +40.2% |
| 2024 | -12.7% | +5.1% |
| 2025 | +5.7% | +36.4% |
| 2026 | -10.5% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WCC good diversifiers for each other?
Yes. With a correlation of -0.52, VXZ and WCC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXZ and WCC?
The VXZ/WCC correlation stands at -0.52 on a 3-year window (1 year: -0.27, 5 years: -0.52), computed from weekly returns as of 2026-08-27.
Is WCC a good diversifier for VXZ?
Yes. With a correlation of -0.52, VXZ and WCC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/vxz-vs-wcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vxz-vs-wcc/)
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Hubs: VXZ correlations · WCC correlations
