APEI vs VXZ: Correlation
Measured on weekly returns over the past three years, American Public Education, Inc. (APEI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APEI and VXZ?
Over the past 3 years, APEI and VXZ moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.31 over 3 years. Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -394.2 %².
Among the 12 assets we track against APEI, VXZ sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with APEI ahead by 66.6 points (+50.5% versus -16.1%). Risk is not evenly split, since APEI carries 2.0 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.
APEI vs VXZ: side by side
| APEI (American Public Education, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +50.5% | -16.1% |
| 5-year return | +76.0% | -53.1% |
| Volatility (ann.) | 50.5% | 25.6% |
| Beta vs S&P 500 | 0.75 | -1.31 |
| Max drawdown (3Y) | -40.5% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APEI | VXZ |
|---|---|---|
| 2022 | -44.8% | +0.5% |
| 2023 | -21.5% | -44.0% |
| 2024 | +123.5% | -12.7% |
| 2025 | +75.2% | +5.7% |
| 2026 | +22.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APEI and VXZ good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APEI and VXZ?
The APEI/VXZ correlation stands at -0.31 on a 3-year window (1 year: -0.13, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for APEI?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/apei-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apei-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APEI correlations · VXZ correlations
