VXZ vs YORW: Correlation
iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and The York Water Company (YORW) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and YORW?
Across a 3-year window, the weekly returns of VXZ and YORW correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.24, with an annualized covariance of -122.6 %².
Among the 2840 assets we track against VXZ, YORW ranks #234 by 3-year correlation. The last year tells two different stories: YORW led by 27.0 percentage points, -16.1% for VXZ against +10.9% for YORW.
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 YORW: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | YORW (The York Water Company) | |
|---|---|---|
| 1-year return | -16.1% | +10.9% |
| 5-year return | -53.1% | -26.0% |
| Volatility (ann.) | 25.6% | 20.5% |
| Beta vs S&P 500 | -1.31 | 0.18 |
| Max drawdown (3Y) | -36.4% | -26.4% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 21.2 |
| Dividend yield | – | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXZ | YORW |
|---|---|---|
| 2022 | +0.5% | -7.9% |
| 2023 | -44.0% | -12.4% |
| 2024 | -12.7% | -13.2% |
| 2025 | +5.7% | +0.1% |
| 2026 | -10.5% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and YORW 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 YORW?
As of 2026-08-27, the correlation of weekly returns between VXZ and YORW is -0.23 over 3 years, -0.17 over 1 year and -0.24 over 5 years.
Is YORW 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
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Related comparisons
Hubs: VXZ correlations · YORW correlations
