EQH vs VXZ: Correlation
Equitable Holdings, Inc. (EQH) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQH and VXZ?
Across a 3-year window, the weekly returns of EQH and VXZ correlate at -0.57, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.40) runs above the 3-year figure (-0.57). Stretching to 5 years gives -0.59, with an annualized covariance of -400.1 %².
VXZ is close to the least connected end of EQH's tracked universe, ranking #19 of 20. The trailing year gives EQH the advantage: -4.2% versus -16.1%, a 11.9-point spread.
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.
EQH vs VXZ: side by side
| EQH (Equitable Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.2% | -16.1% |
| 5-year return | +83.5% | -53.1% |
| Volatility (ann.) | 27.3% | 25.6% |
| Beta vs S&P 500 | 1.19 | -1.31 |
| Max drawdown (3Y) | -35.8% | -36.4% |
| Market cap | $13.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.29% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQH | VXZ |
|---|---|---|
| 2022 | -10.2% | +0.5% |
| 2023 | +19.6% | -44.0% |
| 2024 | +45.0% | -12.7% |
| 2025 | +3.2% | +5.7% |
| 2026 | +7.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQH and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.57 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQH and VXZ?
The EQH/VXZ correlation stands at -0.57 on a 3-year window (1 year: -0.40, 5 years: -0.59), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for EQH?
By historical standards, yes. A correlation of -0.57 means the two rarely move for the same reasons.
What does a correlation of -0.57 mean?
A reading of -0.57 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/eqh-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqh-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQH correlations · VXZ correlations
