EHC vs VXZ: Correlation
How closely do Encompass Health Corporation (EHC) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHC and VXZ?
Over the past 3 years, EHC and VXZ moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.27 over 3. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -169.8 %².
VXZ is close to the least connected end of EHC's tracked universe, ranking #15 of 15. On 12-month performance EHC holds a 13.5-point edge, -2.6% 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.
EHC vs VXZ: side by side
| EHC (Encompass Health Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.6% | -16.1% |
| 5-year return | +101.2% | -53.1% |
| Volatility (ann.) | 24.5% | 25.6% |
| Beta vs S&P 500 | 0.61 | -1.31 |
| Max drawdown (3Y) | -26.1% | -36.4% |
| Market cap | $11.8B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.63% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHC | VXZ |
|---|---|---|
| 2022 | +17.0% | +0.5% |
| 2023 | +12.6% | -44.0% |
| 2024 | +39.2% | -12.7% |
| 2025 | +15.7% | +5.7% |
| 2026 | +13.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHC and VXZ?
The EHC/VXZ correlation stands at -0.27 on a 3-year window (1 year: -0.26, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for EHC?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/ehc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHC correlations · VXZ correlations
