VXZ vs YUM: Correlation
How closely do iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) and Yum! Brands (YUM) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXZ and YUM?
Over the past 3 years, VXZ and YUM moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -136.6 %².
By 3-year correlation, YUM places #418 of the 2840 assets tracked against VXZ. Correlation aside, the last 12 months split them widely, with YUM ahead by 21.8 points (-16.1% versus +5.7%).
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 YUM: side by side
| VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | YUM (Yum! Brands) | |
|---|---|---|
| 1-year return | -16.1% | +5.7% |
| 5-year return | -53.1% | +26.2% |
| Volatility (ann.) | 25.6% | 21.3% |
| Beta vs S&P 500 | -1.31 | 0.34 |
| Max drawdown (3Y) | -36.4% | -14.5% |
| Market cap | – | $41.1B |
| P/E (trailing) | – | 19.0 |
| Dividend yield | – | 0.95% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | VXZ | YUM |
|---|---|---|
| 2022 | +0.5% | -6.0% |
| 2023 | -44.0% | +3.9% |
| 2024 | -12.7% | +4.7% |
| 2025 | +5.7% | +14.9% |
| 2026 | -10.5% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXZ and YUM good diversifiers for each other?
Yes. With a correlation of -0.25, VXZ and YUM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXZ and YUM?
As of 2026-08-27, the correlation of weekly returns between VXZ and YUM is -0.25 over 3 years, -0.31 over 1 year and -0.36 over 5 years.
Is YUM a good diversifier for VXZ?
Yes. With a correlation of -0.25, VXZ and YUM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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-yum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxz-vs-yum/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: VXZ correlations · YUM correlations
