ACGL vs VXZ: Correlation
Measured on weekly returns over the past three years, Arch Capital Group (ACGL) 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 ACGL and VXZ?
On 3 years of weekly data the ACGL/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.26). The 5-year figure is -0.33, and annualized covariance runs at -143.0 %².
Out of 36 assets tracked against ACGL, VXZ lands near the bottom at #35. The last year tells two different stories: ACGL led by 23.8 percentage points, +7.7% for ACGL 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.
ACGL vs VXZ: side by side
| ACGL (Arch Capital Group) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.7% | -16.1% |
| 5-year return | +151.8% | -53.1% |
| Volatility (ann.) | 21.5% | 25.6% |
| Beta vs S&P 500 | 0.28 | -1.31 |
| Max drawdown (3Y) | -22.4% | -36.4% |
| Market cap | $33.7B | – |
| P/E (trailing) | 7.9 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ACGL | VXZ |
|---|---|---|
| 2022 | +41.2% | +0.5% |
| 2023 | +18.3% | -44.0% |
| 2024 | +30.8% | -12.7% |
| 2025 | +3.9% | +5.7% |
| 2026 | +3.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, ACGL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACGL and VXZ?
The ACGL/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.13, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ACGL?
Yes. With a correlation of -0.26, ACGL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acgl-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acgl-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACGL correlations · VXZ correlations
