ACHV vs VXZ: Correlation
How closely do Achieve Life Sciences, Inc. (ACHV) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHV and VXZ?
Across a 3-year window, the weekly returns of ACHV and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.30). Stretching to 5 years gives -0.31, with an annualized covariance of -629.1 %².
Out of 13 assets tracked against ACHV, VXZ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months ACHV outperformed by 190.6 percentage points (+174.5% for ACHV against -16.1% for VXZ). Note the risk asymmetry: ACHV runs 3.2 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.
ACHV vs VXZ: side by side
| ACHV (Achieve Life Sciences, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +174.5% | -16.1% |
| 5-year return | +3.2% | -53.1% |
| Volatility (ann.) | 81.5% | 25.6% |
| Beta vs S&P 500 | 2.08 | -1.31 |
| Max drawdown (3Y) | -66.2% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACHV | VXZ |
|---|---|---|
| 2022 | -68.5% | +0.5% |
| 2023 | +68.2% | -44.0% |
| 2024 | -14.6% | -12.7% |
| 2025 | +41.2% | +5.7% |
| 2026 | +64.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHV and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, ACHV and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACHV and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.51 over the last year and -0.31 over 5 years.
Is VXZ a good diversifier for ACHV?
Yes. With a correlation of -0.30, ACHV and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 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/achv-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/achv-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACHV correlations · VXZ correlations
