EFX vs VXZ: Correlation
Equifax (EFX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFX and VXZ?
On 3 years of weekly data the EFX/VXZ correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.44 over 3. The 5-year figure is -0.46, and annualized covariance runs at -371.1 %².
VXZ is close to the least connected end of EFX's tracked universe, ranking #53 of 53. On 12-month performance VXZ holds a 5.7-point edge, -21.8% against -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.
EFX vs VXZ: side by side
| EFX (Equifax) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -21.8% | -16.1% |
| 5-year return | -26.0% | -53.1% |
| Volatility (ann.) | 33.3% | 25.6% |
| Beta vs S&P 500 | 1.25 | -1.31 |
| Max drawdown (3Y) | -49.7% | -36.4% |
| Market cap | $22.4B | – |
| P/E (trailing) | 33.5 | – |
| Dividend yield | 1.11% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EFX | VXZ |
|---|---|---|
| 2022 | -33.1% | +0.5% |
| 2023 | +28.2% | -44.0% |
| 2024 | +3.7% | -12.7% |
| 2025 | -14.2% | +5.7% |
| 2026 | -11.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFX and VXZ good diversifiers for each other?
Yes: at -0.44, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EFX and VXZ?
The EFX/VXZ correlation stands at -0.44 on a 3-year window (1 year: -0.34, 5 years: -0.46), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for EFX?
Yes: at -0.44, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.44 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/efx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/efx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFX correlations · VXZ correlations
