SEI vs VXZ: Correlation
How closely do Solaris Energy Infrastructure, Inc. (SEI) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEI and VXZ?
Across a 3-year window, the weekly returns of SEI and VXZ correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.28). Stretching to 5 years gives -0.28, with an annualized covariance of -510.2 %².
Among the 12 assets we track against SEI, VXZ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: SEI led by 96.3 percentage points, +80.2% for SEI against -16.1% for VXZ. One caveat on sizing: SEI is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SEI vs VXZ: side by side
| SEI (Solaris Energy Infrastructure, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +80.2% | -16.1% |
| 5-year return | +759.3% | -53.1% |
| Volatility (ann.) | 72.5% | 25.6% |
| Beta vs S&P 500 | 1.79 | -1.31 |
| Max drawdown (3Y) | -55.4% | -36.4% |
| Market cap | $5.3B | – |
| P/E (trailing) | 66.1 | – |
| Dividend yield | 0.93% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SEI | VXZ |
|---|---|---|
| 2022 | +57.5% | +0.5% |
| 2023 | -15.7% | -44.0% |
| 2024 | +277.7% | -12.7% |
| 2025 | +62.3% | +5.7% |
| 2026 | +15.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between SEI and VXZ?
The SEI/VXZ correlation stands at -0.28 on a 3-year window (1 year: -0.05, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for SEI?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/sei-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sei-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SEI correlations · VXZ correlations
