ENR vs VXX: Correlation
Energizer Holdings, Inc. (ENR) 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 ENR and VXX?
Across a 3-year window, the weekly returns of ENR and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Stretching to 5 years gives -0.28, with an annualized covariance of -659.4 %².
VXX is close to the least connected end of ENR's tracked universe, ranking #11 of 13. The last year tells two different stories: ENR led by 33.3 percentage points, -16.4% for ENR 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.
ENR vs VXX: side by side
| ENR (Energizer Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -16.4% | -49.7% |
| 5-year return | -30.7% | -95.6% |
| Volatility (ann.) | 41.2% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -56.1% | -83.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENR | VXX |
|---|---|---|
| 2022 | -13.2% | -23.8% |
| 2023 | -2.2% | -72.5% |
| 2024 | +14.4% | -26.2% |
| 2025 | -40.1% | -42.2% |
| 2026 | +16.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENR and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENR and VXX?
The ENR/VXX correlation stands at -0.26 on a 3-year window (1 year: -0.35, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ENR?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
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/enr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENR correlations · VXX correlations
