AEC vs VXZ: Correlation
How closely do Anfield Energy Inc. (AEC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEC and VXZ?
Across a 3-year window, the weekly returns of AEC and VXZ correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -625.3 %².
Out of 11 assets tracked against AEC, VXZ lands near the bottom at #9. On 12-month performance AEC holds a 5.1-point edge, -11.0% against -16.1%. Risk is not evenly split, since AEC carries 4.0 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.
AEC vs VXZ: side by side
| AEC (Anfield Energy Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -11.0% | -16.1% |
| 5-year return | -37.7% | -53.1% |
| Volatility (ann.) | 102.5% | 25.6% |
| Beta vs S&P 500 | 1.85 | -1.31 |
| Max drawdown (3Y) | -65.7% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEC | VXZ |
|---|---|---|
| 2022 | -50.0% | +0.5% |
| 2023 | +50.0% | -44.0% |
| 2024 | +0.0% | -12.7% |
| 2025 | +14.0% | +5.7% |
| 2026 | -9.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEC and VXZ good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AEC and VXZ?
The AEC/VXZ correlation stands at -0.24 on a 3-year window (1 year: -0.16, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for AEC?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/aec-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aec-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEC correlations · VXZ correlations
