VXZ vs WEST: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and Westrock Coffee Company (WEST) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WEST?
Across a 3-year window, the weekly returns of VXZ and WEST correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -330.7 %².
Within VXZ's tracked universe of 2840 assets, WEST comes in at #228 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WEST ahead by 57.0 points (-16.1% versus +40.9%). Note the risk asymmetry: WEST runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WEST: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WEST (Westrock Coffee Company) | |
|---|---|---|
| 1-year return | -16.1% | +40.9% |
| 5-year return | -53.1% | -16.8% |
| Volatility (ann.) | 25.6% | 56.4% |
| Beta vs S&P 500 | -1.31 | 0.97 |
| Max drawdown (3Y) | -36.4% | -66.7% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | WEST |
|---|---|---|
| 2022 | +0.5% | +37.2% |
| 2023 | -44.0% | -23.6% |
| 2024 | -12.7% | -37.1% |
| 2025 | +5.7% | -36.6% |
| 2026 | -10.5% | +98.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WEST good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXZ and WEST?
As of 2026-08-27, the correlation of weekly returns between VXZ and WEST is -0.23 over 3 years, -0.22 over 1 year and -0.18 over 5 years.
Is WEST a good diversifier for VXZ?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-west.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxz-vs-west/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VXZ correlations · WEST correlations
