ACCO vs VXZ: Correlation
Measured on weekly returns over the past three years, Acco Brands Corporation (ACCO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.45, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACCO and VXZ?
Across a 3-year window, the weekly returns of ACCO and VXZ correlate at -0.45, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.46) sits close to the 3-year figure. Stretching to 5 years gives -0.43, with an annualized covariance of -464.8 %².
Among the 22 assets we track against ACCO, VXZ sits near the bottom by co-movement, at rank #21. Their recent paths diverged sharply: over the last 12 months ACCO outperformed by 33.9 percentage points (+17.8% for ACCO against -16.1% for VXZ). Note the risk asymmetry: ACCO runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VXZ: side by side
| ACCO (Acco Brands Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.8% | -16.1% |
| 5-year return | -36.8% | -53.1% |
| Volatility (ann.) | 40.3% | 25.6% |
| Beta vs S&P 500 | 1.19 | -1.31 |
| Max drawdown (3Y) | -50.0% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 7.16% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACCO | VXZ |
|---|---|---|
| 2022 | -29.2% | +0.5% |
| 2023 | +15.3% | -44.0% |
| 2024 | -8.7% | -12.7% |
| 2025 | -23.1% | +5.7% |
| 2026 | +22.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACCO and VXZ good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACCO and VXZ?
As of 2026-08-27, the correlation of weekly returns between ACCO and VXZ is -0.45 over 3 years, -0.46 over 1 year and -0.43 over 5 years.
Is VXZ a good diversifier for ACCO?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 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/acco-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acco-vs-vxz/)
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Related comparisons
Hubs: ACCO correlations · VXZ correlations
