ACDC vs VXZ: Correlation
Measured on weekly returns over the past three years, ProFrac Holding Corp. (ACDC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACDC and VXZ?
Over the past 3 years, ACDC and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -534.9 %².
VXZ is close to the least connected end of ACDC's tracked universe, ranking #12 of 12. The last year tells two different stories: ACDC led by 42.8 percentage points, +26.7% for ACDC against -16.1% for VXZ. One caveat on sizing: ACDC is 3.1 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.
ACDC vs VXZ: side by side
| ACDC (ProFrac Holding Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.7% | -16.1% |
| 5-year return | -71.0% | -53.1% |
| Volatility (ann.) | 79.9% | 25.6% |
| Beta vs S&P 500 | 1.30 | -1.31 |
| Max drawdown (3Y) | -73.1% | -36.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACDC | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | -66.3% | -44.0% |
| 2024 | -8.5% | -12.7% |
| 2025 | -49.9% | +5.7% |
| 2026 | +35.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACDC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, ACDC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACDC and VXZ?
As of 2026-08-27, the correlation of weekly returns between ACDC and VXZ is -0.26 over 3 years, 0.07 over 1 year and -0.26 over 5 years.
Is VXZ a good diversifier for ACDC?
Yes. With a correlation of -0.26, ACDC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/acdc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acdc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACDC correlations · VXZ correlations
