VXZ vs WRLD: Correlation
How closely do iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and World Acceptance Corporation (WRLD) trade together? Their weekly returns over three years give a correlation of -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WRLD?
On 3 years of weekly data the VXZ/WRLD correlation comes out at -0.43, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.43 over 3 years. The 5-year figure is -0.38, and annualized covariance runs at -463.2 %².
Among the 2840 assets we track against VXZ, WRLD ranks #2147 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WRLD ahead by 26.4 points (-16.1% versus +10.3%). Note the risk asymmetry: WRLD runs 1.6 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 WRLD: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WRLD (World Acceptance Corporation) | |
|---|---|---|
| 1-year return | -16.1% | +10.3% |
| 5-year return | -53.1% | +0.7% |
| Volatility (ann.) | 25.6% | 42.1% |
| Beta vs S&P 500 | -1.31 | 1.17 |
| Max drawdown (3Y) | -36.4% | -37.3% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 24.1 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | WRLD |
|---|---|---|
| 2022 | +0.5% | -73.1% |
| 2023 | -44.0% | +98.0% |
| 2024 | -12.7% | -13.9% |
| 2025 | +5.7% | +24.9% |
| 2026 | -10.5% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WRLD good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXZ and WRLD?
The VXZ/WRLD correlation stands at -0.43 on a 3-year window (1 year: -0.19, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is WRLD a good diversifier for VXZ?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 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/vxz-vs-wrld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxz-vs-wrld/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXZ correlations · WRLD correlations
