EP vs VXX: Correlation
How closely do Empire Petroleum Corporation (EP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EP and VXX?
On 3 years of weekly data the EP/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.25). The 5-year figure is -0.15, and annualized covariance runs at -1038.6 %².
VXX is close to the least connected end of EP's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with EP ahead by 16.8 points (-32.9% versus -49.7%).
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.
EP vs VXX: side by side
| EP (Empire Petroleum Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -32.9% | -49.7% |
| 5-year return | -46.4% | -95.6% |
| Volatility (ann.) | 67.0% | 60.9% |
| Beta vs S&P 500 | 1.00 | -3.31 |
| Max drawdown (3Y) | -77.9% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EP | VXX |
|---|---|---|
| 2022 | +1.9% | -23.8% |
| 2023 | -10.7% | -72.5% |
| 2024 | -30.8% | -26.2% |
| 2025 | -60.0% | -42.2% |
| 2026 | +7.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EP and VXX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EP and VXX?
As of 2026-08-27, the correlation of weekly returns between EP and VXX is -0.25 over 3 years, -0.10 over 1 year and -0.15 over 5 years.
Is VXX a good diversifier for EP?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/ep-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ep-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EP correlations · VXX correlations
