ACMR vs VXZ: Correlation
Measured on weekly returns over the past three years, ACM Research, Inc. (ACMR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACMR and VXZ?
Across a 3-year window, the weekly returns of ACMR and VXZ correlate at -0.34, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.43 over 1 year against -0.34 over 3. Stretching to 5 years gives -0.33, with an annualized covariance of -704.5 %².
VXZ is close to the least connected end of ACMR's tracked universe, ranking #12 of 13. The last year tells two different stories: ACMR led by 197.7 percentage points, +181.6% for ACMR against -16.1% for VXZ. One caveat on sizing: ACMR is 3.2 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.
ACMR vs VXZ: side by side
| ACMR (ACM Research, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +181.6% | -16.1% |
| 5-year return | +173.8% | -53.1% |
| Volatility (ann.) | 80.8% | 25.6% |
| Beta vs S&P 500 | 2.07 | -1.31 |
| Max drawdown (3Y) | -58.4% | -36.4% |
| Market cap | $5.6B | – |
| P/E (trailing) | 37.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACMR | VXZ |
|---|---|---|
| 2022 | -72.9% | +0.5% |
| 2023 | +153.4% | -44.0% |
| 2024 | -22.7% | -12.7% |
| 2025 | +161.3% | +5.7% |
| 2026 | +104.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACMR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACMR and VXZ?
As of 2026-08-27, the correlation of weekly returns between ACMR and VXZ is -0.34 over 3 years, -0.43 over 1 year and -0.33 over 5 years.
Is VXZ a good diversifier for ACMR?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/acmr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acmr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACMR correlations · VXZ correlations
