EDBL vs VXZ: Correlation
How closely do Edible Garden AG Incorporated (EDBL) 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 -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDBL and VXZ?
Over the past 3 years, EDBL and VXZ moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -661.5 %².
VXZ is close to the least connected end of EDBL's tracked universe, ranking #9 of 10. The last year tells two different stories: VXZ led by 83.7 percentage points, -99.8% for EDBL against -16.1% for VXZ. Risk is not evenly split, since EDBL carries 5.3 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.
EDBL vs VXZ: side by side
| EDBL (Edible Garden AG Incorporated) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -99.8% | -16.1% |
| 5-year return | -100.0% | -53.1% |
| Volatility (ann.) | 136.5% | 25.6% |
| Beta vs S&P 500 | 1.62 | -1.31 |
| Max drawdown (3Y) | -100.0% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDBL | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | -92.0% | -44.0% |
| 2024 | -96.8% | -12.7% |
| 2025 | -92.4% | +5.7% |
| 2026 | -99.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDBL and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between EDBL and VXZ?
The EDBL/VXZ correlation stands at -0.19 on a 3-year window (1 year: -0.27, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for EDBL?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/edbl-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edbl-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EDBL correlations · VXZ correlations
