EXE vs VKI: Correlation
How closely do Expand Energy (EXE) and Invesco Advantage Municipal Income Trust II (VKI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXE and VKI?
Across a 3-year window, the weekly returns of EXE and VKI correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.23). Stretching to 5 years gives -0.01, with an annualized covariance of -89.3 %².
Among the 32 assets we track against EXE, VKI sits near the bottom by co-movement, at rank #28. On 12-month performance VKI holds a 10.5-point edge, +5.2% against +15.7%. Risk is not evenly split, since EXE carries 2.0 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.
EXE vs VKI: side by side
| EXE (Expand Energy) | VKI (Invesco Advantage Municipal Income Trust II) | |
|---|---|---|
| 1-year return | +5.2% | +15.7% |
| 5-year return | +125.8% | -5.1% |
| Volatility (ann.) | 28.2% | 13.9% |
| Beta vs S&P 500 | 0.31 | 0.32 |
| Max drawdown (3Y) | -28.4% | -12.4% |
| Market cap | $22.7B | $0.4B |
| P/E (trailing) | 8.3 | 35.6 |
| Dividend yield | 3.30% | 7.50% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | EXE | VKI |
|---|---|---|
| 2022 | +62.3% | -25.5% |
| 2023 | -14.8% | +3.1% |
| 2024 | +33.2% | +10.2% |
| 2025 | +14.4% | +12.8% |
| 2026 | -9.6% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXE and VKI good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EXE and VKI?
The EXE/VKI correlation stands at -0.23 on a 3-year window (1 year: -0.42, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is VKI a good diversifier for EXE?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/exe-vs-vki.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exe-vs-vki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXE correlations · VKI correlations
