ABM vs VXZ: Correlation
ABM Industries Incorporated (ABM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and VXZ?
Over the past 3 years, ABM and VXZ moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -232.6 %².
VXZ is close to the least connected end of ABM's tracked universe, ranking #12 of 12. On 12-month performance ABM holds a 13.6-point edge, -2.5% against -16.1%.
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.
ABM vs VXZ: side by side
| ABM (ABM Industries Incorporated) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.5% | -16.1% |
| 5-year return | +6.5% | -53.1% |
| Volatility (ann.) | 28.9% | 25.6% |
| Beta vs S&P 500 | 0.79 | -1.31 |
| Max drawdown (3Y) | -34.4% | -36.4% |
| Market cap | $2.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 2.32% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABM | VXZ |
|---|---|---|
| 2022 | +10.7% | +0.5% |
| 2023 | +3.0% | -44.0% |
| 2024 | +16.4% | -12.7% |
| 2025 | -15.5% | +5.7% |
| 2026 | +13.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and VXZ good diversifiers for each other?
Yes. With a correlation of -0.31, ABM and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABM and VXZ?
As of 2026-08-27, the correlation of weekly returns between ABM and VXZ is -0.31 over 3 years, -0.24 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for ABM?
Yes. With a correlation of -0.31, ABM and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/abm-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abm-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABM correlations · VXZ correlations
