ETR vs VXZ: Correlation
Measured on weekly returns over the past three years, Entergy (ETR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and VXZ?
Over the past 3 years, ETR and VXZ moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.21 over 3 years. Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -107.0 %².
Out of 38 assets tracked against ETR, VXZ lands near the bottom at #34. Their recent paths diverged sharply: over the last 12 months ETR outperformed by 38.0 percentage points (+21.9% for ETR 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.
ETR vs VXZ: side by side
| ETR (Entergy) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.9% | -16.1% |
| 5-year return | +132.0% | -53.1% |
| Volatility (ann.) | 19.7% | 25.6% |
| Beta vs S&P 500 | 0.22 | -1.31 |
| Max drawdown (3Y) | -10.6% | -36.4% |
| Market cap | $49.7B | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 2.35% | – |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ETR | VXZ |
|---|---|---|
| 2022 | +3.6% | +0.5% |
| 2023 | -6.1% | -44.0% |
| 2024 | +56.0% | -12.7% |
| 2025 | +25.3% | +5.7% |
| 2026 | +17.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and VXZ good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ETR and VXZ?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.06 over the last year and -0.23 over 5 years.
Is VXZ a good diversifier for ETR?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/etr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETR correlations · VXZ correlations
