ACA vs VXZ: Correlation
Measured on weekly returns over the past three years, Arcosa, Inc. (ACA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.51, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACA and VXZ?
Over the past 3 years, ACA and VXZ moved with a correlation of -0.51, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.51 over 3 years. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -413.4 %².
Out of 23 assets tracked against ACA, VXZ lands near the bottom at #22. The last year tells two different stories: ACA led by 63.1 percentage points, +47.0% for ACA 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.
ACA vs VXZ: side by side
| ACA (Arcosa, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +47.0% | -16.1% |
| 5-year return | +186.5% | -53.1% |
| Volatility (ann.) | 31.9% | 25.6% |
| Beta vs S&P 500 | 1.23 | -1.31 |
| Max drawdown (3Y) | -36.6% | -36.4% |
| Market cap | $7.1B | – |
| P/E (trailing) | 32.5 | – |
| Dividend yield | 0.14% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACA | VXZ |
|---|---|---|
| 2022 | +3.5% | +0.5% |
| 2023 | +52.5% | -44.0% |
| 2024 | +17.3% | -12.7% |
| 2025 | +10.2% | +5.7% |
| 2026 | +37.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.51, ACA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACA and VXZ?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.27 over the last year and -0.42 over 5 years.
Is VXZ a good diversifier for ACA?
Yes. With a correlation of -0.51, ACA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 mean?
On the −1 to +1 scale, -0.51 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/aca-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aca-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACA correlations · VXZ correlations
