AESI vs VXZ: Correlation
Measured on weekly returns over the past three years, Atlas Energy Solutions Inc. (AESI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AESI and VXZ?
On 3 years of weekly data the AESI/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.27 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -368.5 %².
VXZ is close to the least connected end of AESI's tracked universe, ranking #12 of 12. The last year tells two different stories: AESI led by 27.2 percentage points, +11.1% for AESI against -16.1% for VXZ. Note the risk asymmetry: AESI runs 2.1 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.
AESI vs VXZ: side by side
| AESI (Atlas Energy Solutions Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.1% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 52.7% | 25.6% |
| Beta vs S&P 500 | 1.02 | -1.31 |
| Max drawdown (3Y) | -65.9% | -36.4% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.07% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AESI | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | +34.6% | -12.7% |
| 2025 | -55.3% | +5.7% |
| 2026 | +38.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AESI and VXZ good diversifiers for each other?
Yes. With a correlation of -0.27, AESI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AESI and VXZ?
As of 2026-08-27, the correlation of weekly returns between AESI and VXZ is -0.27 over 3 years, 0.09 over 1 year and n/a over 5 years.
Is VXZ a good diversifier for AESI?
Yes. With a correlation of -0.27, AESI and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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
$ curl https://www.pairbook.io/api/v1/pairs/aesi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aesi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AESI correlations · VXZ correlations
