ACM vs VXZ: Correlation
Measured on weekly returns over the past three years, AECOM (ACM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACM and VXZ?
Over the past 3 years, ACM and VXZ moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.32 over 3. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -237.6 %².
Among the 16 assets we track against ACM, VXZ sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with VXZ ahead by 30.5 points (-46.6% versus -16.1%).
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.
ACM vs VXZ: side by side
| ACM (AECOM) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -46.6% | -16.1% |
| 5-year return | +5.2% | -53.1% |
| Volatility (ann.) | 29.1% | 25.6% |
| Beta vs S&P 500 | 0.79 | -1.31 |
| Max drawdown (3Y) | -54.1% | -36.4% |
| Market cap | $8.5B | – |
| P/E (trailing) | 22.9 | – |
| Dividend yield | 1.83% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACM | VXZ |
|---|---|---|
| 2022 | +10.7% | +0.5% |
| 2023 | +9.8% | -44.0% |
| 2024 | +16.7% | -12.7% |
| 2025 | -9.9% | +5.7% |
| 2026 | -29.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACM and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACM and VXZ?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.26 over the last year and -0.37 over 5 years.
Is VXZ a good diversifier for ACM?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/acm-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acm-vs-vxz/)
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Related comparisons
Hubs: ACM correlations · VXZ correlations
