ACCO vs XRX: Correlation
Acco Brands Corporation (ACCO) and Xerox Holdings Corporation (XRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACCO and XRX?
On 3 years of weekly data the ACCO/XRX correlation comes out at 0.54, moderate. The link has tightened recently: the 1-year correlation (0.74) runs above the 3-year figure (0.54). The 5-year figure is 0.49, and annualized covariance runs at 1678.8 %².
Among the 22 assets we track against ACCO, XRX ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ACCO ahead by 37.8 points (+17.8% versus -20.0%). Risk is not evenly split, since XRX carries 1.9 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.
ACCO vs XRX: side by side
| ACCO (Acco Brands Corporation) | XRX (Xerox Holdings Corporation) | |
|---|---|---|
| 1-year return | +17.8% | -20.0% |
| 5-year return | -36.8% | -81.9% |
| Volatility (ann.) | 40.3% | 77.4% |
| Beta vs S&P 500 | 1.19 | 2.12 |
| Max drawdown (3Y) | -50.0% | -92.7% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 7.16% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACCO | XRX |
|---|---|---|
| 2022 | -29.2% | -31.3% |
| 2023 | +15.3% | +33.8% |
| 2024 | -8.7% | -49.8% |
| 2025 | -23.1% | -70.6% |
| 2026 | +22.5% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACCO and XRX good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACCO and XRX?
The ACCO/XRX correlation stands at 0.54 on a 3-year window (1 year: 0.74, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is XRX a good diversifier for ACCO?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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.
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Related comparisons
Hubs: ACCO correlations · XRX correlations
