ABG vs VXZ: Correlation
Measured on weekly returns over the past three years, Asbury Automotive Group Inc (ABG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABG and VXZ?
Across a 3-year window, the weekly returns of ABG and VXZ correlate at -0.40, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -345.2 %².
Out of 12 assets tracked against ABG, VXZ lands near the bottom at #12. Their 12-month results are close: -17.9% for ABG 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.
ABG vs VXZ: side by side
| ABG (Asbury Automotive Group Inc) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.9% | -16.1% |
| 5-year return | +13.5% | -53.1% |
| Volatility (ann.) | 33.4% | 25.6% |
| Beta vs S&P 500 | 1.02 | -1.31 |
| Max drawdown (3Y) | -42.4% | -36.4% |
| Market cap | $3.8B | – |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABG | VXZ |
|---|---|---|
| 2022 | +3.8% | +0.5% |
| 2023 | +25.5% | -44.0% |
| 2024 | +8.0% | -12.7% |
| 2025 | -4.3% | +5.7% |
| 2026 | -9.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABG and VXZ?
The ABG/VXZ correlation stands at -0.40 on a 3-year window (1 year: -0.32, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ABG?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/abg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABG correlations · VXZ correlations
