VXZ vs WSFS: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and WSFS Financial Corporation (WSFS) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WSFS?
Across a 3-year window, the weekly returns of VXZ and WSFS correlate at -0.49, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.49). Stretching to 5 years gives -0.46, with an annualized covariance of -372.6 %².
Within VXZ's tracked universe of 2840 assets, WSFS comes in at #2486 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WSFS outperformed by 50.1 percentage points (-16.1% for VXZ against +34.0% for WSFS).
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 WSFS: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WSFS (WSFS Financial Corporation) | |
|---|---|---|
| 1-year return | -16.1% | +34.0% |
| 5-year return | -53.1% | +85.9% |
| Volatility (ann.) | 25.6% | 29.9% |
| Beta vs S&P 500 | -1.31 | 0.89 |
| Max drawdown (3Y) | -36.4% | -24.7% |
| Market cap | – | $4.0B |
| P/E (trailing) | – | 13.2 |
| Dividend yield | – | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | WSFS |
|---|---|---|
| 2022 | +0.5% | -8.4% |
| 2023 | -44.0% | +2.9% |
| 2024 | -12.7% | +17.1% |
| 2025 | +5.7% | +5.2% |
| 2026 | -10.5% | +43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WSFS good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXZ and WSFS?
Using weekly returns as of 2026-08-27: -0.49 over 3 years, with -0.16 over the last year and -0.46 over 5 years.
Is WSFS a good diversifier for VXZ?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
A reading of -0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vxz-vs-wsfs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxz-vs-wsfs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXZ correlations · WSFS correlations
