EAT vs VXX: Correlation
Brinker International, Inc. (EAT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EAT and VXX?
On 3 years of weekly data the EAT/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.26). The 5-year figure is -0.25, and annualized covariance runs at -738.8 %².
VXX is close to the least connected end of EAT's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months EAT outperformed by 99.1 percentage points (+49.4% for EAT against -49.7% for VXX).
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.
EAT vs VXX: side by side
| EAT (Brinker International, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +49.4% | -49.7% |
| 5-year return | +347.9% | -95.6% |
| Volatility (ann.) | 47.1% | 60.9% |
| Beta vs S&P 500 | 0.67 | -3.31 |
| Max drawdown (3Y) | -45.9% | -83.3% |
| Market cap | $10.0B | – |
| P/E (trailing) | 21.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EAT | VXX |
|---|---|---|
| 2022 | -12.8% | -23.8% |
| 2023 | +35.3% | -72.5% |
| 2024 | +206.4% | -26.2% |
| 2025 | +8.5% | -42.2% |
| 2026 | +62.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EAT and VXX good diversifiers for each other?
Yes. With a correlation of -0.26, EAT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EAT and VXX?
As of 2026-08-27, the correlation of weekly returns between EAT and VXX is -0.26 over 3 years, -0.37 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for EAT?
Yes. With a correlation of -0.26, EAT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/eat-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eat-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EAT correlations · VXX correlations
