PNTG vs VXZ: Correlation
How closely do The Pennant Group, Inc. (PNTG) 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 -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNTG and VXZ?
Across a 3-year window, the weekly returns of PNTG and VXZ correlate at -0.35, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -308.6 %².
Out of 15 assets tracked against PNTG, VXZ lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months PNTG outperformed by 70.5 percentage points (+54.4% for PNTG 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.
PNTG vs VXZ: side by side
| PNTG (The Pennant Group, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +54.4% | -16.1% |
| 5-year return | +30.0% | -53.1% |
| Volatility (ann.) | 34.4% | 25.6% |
| Beta vs S&P 500 | 0.71 | -1.31 |
| Max drawdown (3Y) | -40.2% | -36.4% |
| Market cap | $1.3B | – |
| P/E (trailing) | 42.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNTG | VXZ |
|---|---|---|
| 2022 | -52.4% | +0.5% |
| 2023 | +26.8% | -44.0% |
| 2024 | +90.5% | -12.7% |
| 2025 | +6.1% | +5.7% |
| 2026 | +34.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNTG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between PNTG and VXZ?
The PNTG/VXZ correlation stands at -0.35 on a 3-year window (1 year: -0.26, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for PNTG?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 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/pntg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pntg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PNTG correlations · VXZ correlations
