EQT vs VXX: Correlation
EQT Corporation (EQT) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and VXX?
On 3 years of weekly data the EQT/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.17) than the 3-year average (-0.26). The 5-year figure is -0.25, and annualized covariance runs at -543.8 %².
Among the 31 assets we track against EQT, VXX sits near the bottom by co-movement, at rank #29. Correlation aside, the last 12 months split them widely, with EQT ahead by 57.6 points (+7.9% versus -49.7%). Risk is not evenly split, since VXX carries 1.8 times the volatility of the other side.
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.
EQT vs VXX: side by side
| EQT (EQT Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.9% | -49.7% |
| 5-year return | +224.8% | -95.6% |
| Volatility (ann.) | 34.1% | 60.9% |
| Beta vs S&P 500 | 0.52 | -3.31 |
| Max drawdown (3Y) | -31.6% | -83.3% |
| Market cap | $34.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EQT | VXX |
|---|---|---|
| 2022 | +57.6% | -23.8% |
| 2023 | +16.2% | -72.5% |
| 2024 | +21.4% | -26.2% |
| 2025 | +17.6% | -42.2% |
| 2026 | +3.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQT and VXX?
The EQT/VXX correlation stands at -0.26 on a 3-year window (1 year: 0.17, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for EQT?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/eqt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: EQT correlations · VXX correlations
