EE vs VXZ: Correlation
How closely do Excelerate Energy, Inc. (EE) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EE and VXZ?
Over the past 3 years, EE and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.26). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -240.5 %².
Among the 10 assets we track against EE, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with EE ahead by 79.8 points (+63.7% versus -16.1%).
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.
EE vs VXZ: side by side
| EE (Excelerate Energy, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +63.7% | -16.1% |
| 5-year return | +52.1% | -53.1% |
| Volatility (ann.) | 36.5% | 25.6% |
| Beta vs S&P 500 | 0.47 | -1.31 |
| Max drawdown (3Y) | -29.1% | -36.4% |
| Market cap | $4.5B | – |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 0.84% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EE | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | -38.0% | -44.0% |
| 2024 | +96.9% | -12.7% |
| 2025 | -6.3% | +5.7% |
| 2026 | +42.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EE and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between EE and VXZ?
As of 2026-08-27, the correlation of weekly returns between EE and VXZ is -0.26 over 3 years, -0.15 over 1 year and -0.26 over 5 years.
Is VXZ a good diversifier for EE?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ee-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ee-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EE correlations · VXZ correlations
