ENTG vs VXZ: Correlation
Measured on weekly returns over the past three years, Entegris, Inc. (ENTG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.45, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTG and VXZ?
Over the past 3 years, ENTG and VXZ moved with a correlation of -0.45, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -604.7 %².
VXZ is close to the least connected end of ENTG's tracked universe, ranking #21 of 23. The last year tells two different stories: ENTG led by 89.7 percentage points, +73.6% for ENTG against -16.1% for VXZ. One caveat on sizing: ENTG is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ENTG vs VXZ: side by side
| ENTG (Entegris, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +73.6% | -16.1% |
| 5-year return | +22.7% | -53.1% |
| Volatility (ann.) | 53.0% | 25.6% |
| Beta vs S&P 500 | 2.17 | -1.31 |
| Max drawdown (3Y) | -56.9% | -36.4% |
| Market cap | $22.2B | – |
| P/E (trailing) | 71.6 | – |
| Dividend yield | 0.28% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTG | VXZ |
|---|---|---|
| 2022 | -52.5% | +0.5% |
| 2023 | +83.5% | -44.0% |
| 2024 | -17.1% | -12.7% |
| 2025 | -14.6% | +5.7% |
| 2026 | +72.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTG and VXZ good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENTG and VXZ?
Using weekly returns as of 2026-08-27: -0.45 over 3 years, with -0.36 over the last year and -0.44 over 5 years.
Is VXZ a good diversifier for ENTG?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/entg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/entg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENTG correlations · VXZ correlations
