PEO vs VXZ: Correlation
How closely do Adams Natural Resources Fund, Inc. (PEO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEO and VXZ?
Across a 3-year window, the weekly returns of PEO and VXZ correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.24) runs above the 3-year figure (-0.29). Stretching to 5 years gives -0.31, with an annualized covariance of -148.7 %².
Out of 42 assets tracked against PEO, VXZ lands near the bottom at #42. The last year tells two different stories: PEO led by 57.7 percentage points, +41.6% for PEO 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.
PEO vs VXZ: side by side
| PEO (Adams Natural Resources Fund, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +41.6% | -16.1% |
| 5-year return | +179.3% | -53.1% |
| Volatility (ann.) | 20.2% | 25.6% |
| Beta vs S&P 500 | 0.30 | -1.31 |
| Max drawdown (3Y) | -18.9% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.8 | – |
| Dividend yield | 7.09% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEO | VXZ |
|---|---|---|
| 2022 | +41.8% | +0.5% |
| 2023 | +0.9% | -44.0% |
| 2024 | +13.6% | -12.7% |
| 2025 | +10.0% | +5.7% |
| 2026 | +38.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEO and VXZ good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PEO and VXZ?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with 0.24 over the last year and -0.31 over 5 years.
Is VXZ a good diversifier for PEO?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/peo-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peo-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEO correlations · VXZ correlations
