VXZ vs WSM: Correlation
How closely do iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and Williams-Sonoma, Inc. (WSM) trade together? Their weekly returns over three years give a correlation of -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and WSM?
On 3 years of weekly data the VXZ/WSM correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.45 over 1 year against -0.36 over 3. The 5-year figure is -0.37, and annualized covariance runs at -396.8 %².
Within VXZ's tracked universe of 2840 assets, WSM comes in at #1556 by 3-year correlation. The last year tells two different stories: WSM led by 41.9 percentage points, -16.1% for VXZ against +25.8% for WSM. Risk is not evenly split, since WSM carries 1.7 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.
VXZ vs WSM: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | -16.1% | +25.8% |
| 5-year return | -53.1% | +182.0% |
| Volatility (ann.) | 25.6% | 43.0% |
| Beta vs S&P 500 | -1.31 | 1.33 |
| Max drawdown (3Y) | -36.4% | -36.8% |
| Market cap | – | $28.1B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | – | 0.56% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | VXZ | WSM |
|---|---|---|
| 2022 | +0.5% | -30.5% |
| 2023 | -44.0% | +80.2% |
| 2024 | -12.7% | +86.6% |
| 2025 | +5.7% | -2.1% |
| 2026 | -10.5% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and WSM good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXZ and WSM?
The VXZ/WSM correlation stands at -0.36 on a 3-year window (1 year: -0.45, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is WSM a good diversifier for VXZ?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
A reading of -0.36 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-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vxz-vs-wsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXZ correlations · WSM correlations
