EPAC vs VXX: Correlation
Enerpac Tool Group Corp. (EPAC) 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 -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPAC and VXX?
Across a 3-year window, the weekly returns of EPAC and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.41 over 1 year against -0.41 over 3. Stretching to 5 years gives -0.34, with an annualized covariance of -715.7 %².
Among the 10 assets we track against EPAC, VXX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with EPAC ahead by 37.4 points (-12.3% versus -49.7%). One caveat on sizing: VXX 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.
EPAC vs VXX: side by side
| EPAC (Enerpac Tool Group Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.3% | -49.7% |
| 5-year return | +50.0% | -95.6% |
| Volatility (ann.) | 28.6% | 60.9% |
| Beta vs S&P 500 | 0.80 | -3.31 |
| Max drawdown (3Y) | -36.1% | -83.3% |
| Market cap | $1.9B | – |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 0.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPAC | VXX |
|---|---|---|
| 2022 | +25.7% | -23.8% |
| 2023 | +22.3% | -72.5% |
| 2024 | +32.3% | -26.2% |
| 2025 | -6.8% | -42.2% |
| 2026 | -1.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPAC and VXX good diversifiers for each other?
Yes. With a correlation of -0.41, EPAC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EPAC and VXX?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.41 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for EPAC?
Yes. With a correlation of -0.41, EPAC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 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/epac-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/epac-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EPAC correlations · VXX correlations
