PESI vs VXZ: Correlation
How closely do Perma-Fix Environmental Services, Inc. (PESI) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PESI and VXZ?
Across a 3-year window, the weekly returns of PESI and VXZ correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -392.0 %².
Among the 10 assets we track against PESI, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with PESI ahead by 77.5 points (+61.4% versus -16.1%). Risk is not evenly split, since PESI carries 2.3 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.
PESI vs VXZ: side by side
| PESI (Perma-Fix Environmental Services, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +61.4% | -16.1% |
| 5-year return | +234.5% | -53.1% |
| Volatility (ann.) | 59.3% | 25.6% |
| Beta vs S&P 500 | 1.10 | -1.31 |
| Max drawdown (3Y) | -58.0% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PESI | VXZ |
|---|---|---|
| 2022 | -44.2% | +0.5% |
| 2023 | +122.7% | -44.0% |
| 2024 | +40.8% | -12.7% |
| 2025 | +13.7% | +5.7% |
| 2026 | +53.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PESI and VXZ 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 PESI and VXZ?
The PESI/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.30, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PESI?
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?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pesi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pesi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PESI correlations · VXZ correlations
