ACCO vs VXX: Correlation
Acco Brands Corporation (ACCO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACCO and VXX?
Across a 3-year window, the weekly returns of ACCO and VXX correlate at -0.46, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.33) than the 3-year average (-0.46). Stretching to 5 years gives -0.39, with an annualized covariance of -1126.6 %².
Out of 22 assets tracked against ACCO, VXX lands near the bottom at #22. Their recent paths diverged sharply: over the last 12 months ACCO outperformed by 67.5 percentage points (+17.8% for ACCO against -49.7% for VXX). One caveat on sizing: VXX is 1.5 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.
ACCO vs VXX: side by side
| ACCO (Acco Brands Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.8% | -49.7% |
| 5-year return | -36.8% | -95.6% |
| Volatility (ann.) | 40.3% | 60.9% |
| Beta vs S&P 500 | 1.19 | -3.31 |
| Max drawdown (3Y) | -50.0% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 7.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACCO | VXX |
|---|---|---|
| 2022 | -29.2% | -23.8% |
| 2023 | +15.3% | -72.5% |
| 2024 | -8.7% | -26.2% |
| 2025 | -23.1% | -42.2% |
| 2026 | +22.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACCO and VXX good diversifiers for each other?
Yes. With a correlation of -0.46, ACCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACCO and VXX?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.33 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for ACCO?
Yes. With a correlation of -0.46, ACCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.46 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/acco-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acco-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACCO correlations · VXX correlations
