EPAC vs VXZ: Correlation
Measured on weekly returns over the past three years, Enerpac Tool Group Corp. (EPAC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPAC and VXZ?
Across a 3-year window, the weekly returns of EPAC and VXZ correlate at -0.36, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.40 over 1 year against -0.36 over 3. Stretching to 5 years gives -0.35, with an annualized covariance of -261.0 %².
VXZ is close to the least connected end of EPAC's tracked universe, ranking #9 of 10. Their 12-month results are close: -12.3% for EPAC against -16.1% for VXZ.
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 VXZ: side by side
| EPAC (Enerpac Tool Group Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.3% | -16.1% |
| 5-year return | +50.0% | -53.1% |
| Volatility (ann.) | 28.6% | 25.6% |
| Beta vs S&P 500 | 0.80 | -1.31 |
| Max drawdown (3Y) | -36.1% | -36.4% |
| Market cap | $1.9B | – |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 0.11% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPAC | VXZ |
|---|---|---|
| 2022 | +25.7% | +0.5% |
| 2023 | +22.3% | -44.0% |
| 2024 | +32.3% | -12.7% |
| 2025 | -6.8% | +5.7% |
| 2026 | -1.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPAC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.36, EPAC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EPAC and VXZ?
The EPAC/VXZ correlation stands at -0.36 on a 3-year window (1 year: -0.40, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for EPAC?
Yes. With a correlation of -0.36, EPAC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/epac-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/epac-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EPAC correlations · VXZ correlations
