ACV vs XYZ: Correlation
Virtus Diversified Income & Convertible Fund (ACV) and Block, Inc. (XYZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACV and XYZ?
Across a 3-year window, the weekly returns of ACV and XYZ correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.55, with an annualized covariance of 506.1 %².
Within ACV's tracked universe of 17 assets, XYZ comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ACV outperformed by 20.5 percentage points (+27.4% for ACV against +6.9% for XYZ). One caveat on sizing: XYZ is 2.6 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.
ACV vs XYZ: side by side
| ACV (Virtus Diversified Income & Convertible Fund) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +27.4% | +6.9% |
| 5-year return | +45.0% | -68.8% |
| Volatility (ann.) | 19.4% | 50.2% |
| Beta vs S&P 500 | 1.02 | 1.80 |
| Max drawdown (3Y) | -23.5% | -53.0% |
| Market cap | $0.3B | $51.0B |
| P/E (trailing) | 5.1 | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ACV | XYZ |
|---|---|---|
| 2022 | -36.0% | -61.1% |
| 2023 | +26.0% | +23.1% |
| 2024 | +15.4% | +9.9% |
| 2025 | +33.7% | -23.4% |
| 2026 | +7.0% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACV and XYZ good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACV and XYZ?
As of 2026-08-27, the correlation of weekly returns between ACV and XYZ is 0.52 over 3 years, 0.40 over 1 year and 0.55 over 5 years.
Is XYZ a good diversifier for ACV?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/acv-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acv-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACV correlations · XYZ correlations
