ACTG vs VXZ: Correlation
Measured on weekly returns over the past three years, Acacia Research Corporation (ACTG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACTG and VXZ?
On 3 years of weekly data the ACTG/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.30). The 5-year figure is -0.33, and annualized covariance runs at -254.3 %².
Among the 11 assets we track against ACTG, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with ACTG ahead by 52.6 points (+36.5% 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.
ACTG vs VXZ: side by side
| ACTG (Acacia Research Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +36.5% | -16.1% |
| 5-year return | -23.8% | -53.1% |
| Volatility (ann.) | 32.8% | 25.6% |
| Beta vs S&P 500 | 0.69 | -1.31 |
| Max drawdown (3Y) | -50.0% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACTG | VXZ |
|---|---|---|
| 2022 | -17.9% | +0.5% |
| 2023 | -6.9% | -44.0% |
| 2024 | +10.7% | -12.7% |
| 2025 | -13.8% | +5.7% |
| 2026 | +20.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACTG and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, ACTG and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACTG and VXZ?
As of 2026-08-27, the correlation of weekly returns between ACTG and VXZ is -0.30 over 3 years, -0.04 over 1 year and -0.33 over 5 years.
Is VXZ a good diversifier for ACTG?
Yes. With a correlation of -0.30, ACTG and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/actg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/actg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACTG correlations · VXZ correlations
