ACT vs VXX: Correlation
Enact Holdings, Inc. (ACT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACT and VXX?
Across a 3-year window, the weekly returns of ACT and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.28). Stretching to 5 years gives -0.28, with an annualized covariance of -330.2 %².
VXX is close to the least connected end of ACT's tracked universe, ranking #11 of 12. The last year tells two different stories: ACT led by 81.0 percentage points, +31.3% for ACT against -49.7% for VXX. Note the risk asymmetry: VXX runs 3.1 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.
ACT vs VXX: side by side
| ACT (Enact Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.3% | -49.7% |
| 5-year return | +200.2% | -95.6% |
| Volatility (ann.) | 19.7% | 60.9% |
| Beta vs S&P 500 | 0.46 | -3.31 |
| Max drawdown (3Y) | -15.3% | -83.3% |
| Market cap | $6.7B | – |
| P/E (trailing) | 10.4 | – |
| Dividend yield | 1.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACT | VXX |
|---|---|---|
| 2022 | +24.1% | -23.8% |
| 2023 | +25.8% | -72.5% |
| 2024 | +14.7% | -26.2% |
| 2025 | +25.2% | -42.2% |
| 2026 | +25.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACT and VXX good diversifiers for each other?
Yes. With a correlation of -0.28, ACT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACT and VXX?
As of 2026-08-27, the correlation of weekly returns between ACT and VXX is -0.28 over 3 years, -0.09 over 1 year and -0.28 over 5 years.
Is VXX a good diversifier for ACT?
Yes. With a correlation of -0.28, ACT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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/act-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/act-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACT correlations · VXX correlations
