ABX vs VXZ: Correlation
Abacus Global Management, Inc. (ABX) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABX and VXZ?
Across a 3-year window, the weekly returns of ABX and VXZ correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.16, with an annualized covariance of -330.1 %².
VXZ is close to the least connected end of ABX's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with ABX ahead by 62.7 points (+46.6% versus -16.1%). Risk is not evenly split, since ABX carries 2.1 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.
ABX vs VXZ: side by side
| ABX (Abacus Global Management, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +46.6% | -16.1% |
| 5-year return | +3.8% | -53.1% |
| Volatility (ann.) | 54.5% | 25.6% |
| Beta vs S&P 500 | 0.66 | -1.31 |
| Max drawdown (3Y) | -62.8% | -36.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | 36.4 | – |
| Dividend yield | 2.04% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABX | VXZ |
|---|---|---|
| 2022 | +2.9% | +0.5% |
| 2023 | -4.9% | -44.0% |
| 2024 | -18.9% | -12.7% |
| 2025 | +12.6% | +5.7% |
| 2026 | +15.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABX and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABX and VXZ?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.31 over the last year and -0.16 over 5 years.
Is VXZ a good diversifier for ABX?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/abx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABX correlations · VXZ correlations
