VXZ vs YETI: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and YETI Holdings, Inc. (YETI) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and YETI?
Across a 3-year window, the weekly returns of VXZ and YETI correlate at -0.36, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.41 over 1 year against -0.36 over 3. Stretching to 5 years gives -0.38, with an annualized covariance of -369.3 %².
Within VXZ's tracked universe of 2840 assets, YETI comes in at #1558 by 3-year correlation. Correlation aside, the last 12 months split them widely, with YETI ahead by 31.7 points (-16.1% versus +15.6%). Note the risk asymmetry: YETI 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 YETI: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | YETI (YETI Holdings, Inc.) | |
|---|---|---|
| 1-year return | -16.1% | +15.6% |
| 5-year return | -53.1% | -58.8% |
| Volatility (ann.) | 25.6% | 39.9% |
| Beta vs S&P 500 | -1.31 | 1.17 |
| Max drawdown (3Y) | -36.4% | -49.7% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | YETI |
|---|---|---|
| 2022 | +0.5% | -50.1% |
| 2023 | -44.0% | +25.3% |
| 2024 | -12.7% | -25.6% |
| 2025 | +5.7% | +14.7% |
| 2026 | -10.5% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and YETI good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXZ and YETI?
As of 2026-08-27, the correlation of weekly returns between VXZ and YETI is -0.36 over 3 years, -0.41 over 1 year and -0.38 over 5 years.
Is YETI a good diversifier for VXZ?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 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-yeti.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxz-vs-yeti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VXZ correlations · YETI correlations
