PEG vs VXZ: Correlation
Measured on weekly returns over the past three years, Public Service Enterprise Group (PEG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEG and VXZ?
Over the past 3 years, PEG and VXZ moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.23 over 3 years. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -109.3 %².
VXZ is close to the least connected end of PEG's tracked universe, ranking #28 of 32. The trailing year gives PEG the advantage: -8.6% versus -16.1%, a 7.5-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.
PEG vs VXZ: side by side
| PEG (Public Service Enterprise Group) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.6% | -16.1% |
| 5-year return | +34.9% | -53.1% |
| Volatility (ann.) | 18.9% | 25.6% |
| Beta vs S&P 500 | 0.25 | -1.31 |
| Max drawdown (3Y) | -18.8% | -36.4% |
| Market cap | $36.5B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 3.51% | – |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | PEG | VXZ |
|---|---|---|
| 2022 | -5.1% | +0.5% |
| 2023 | +3.6% | -44.0% |
| 2024 | +42.6% | -12.7% |
| 2025 | -1.9% | +5.7% |
| 2026 | -7.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between PEG and VXZ?
The PEG/VXZ correlation stands at -0.23 on a 3-year window (1 year: -0.11, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PEG?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
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/peg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEG correlations · VXZ correlations
