ACVA vs VXZ: Correlation
ACV Auctions Inc. (ACVA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and VXZ?
Across a 3-year window, the weekly returns of ACVA and VXZ correlate at -0.37, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives -0.31, with an annualized covariance of -537.7 %².
VXZ is close to the least connected end of ACVA's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 21.2 percentage points (-37.3% for ACVA against -16.1% for VXZ). One caveat on sizing: ACVA is 2.2 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.
ACVA vs VXZ: side by side
| ACVA (ACV Auctions Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -37.3% | -16.1% |
| 5-year return | -64.2% | -53.1% |
| Volatility (ann.) | 57.0% | 25.6% |
| Beta vs S&P 500 | 1.76 | -1.31 |
| Max drawdown (3Y) | -82.1% | -36.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACVA | VXZ |
|---|---|---|
| 2022 | -56.4% | +0.5% |
| 2023 | +84.5% | -44.0% |
| 2024 | +42.6% | -12.7% |
| 2025 | -62.9% | +5.7% |
| 2026 | -10.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and VXZ good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACVA and VXZ?
The ACVA/VXZ correlation stands at -0.37 on a 3-year window (1 year: -0.30, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ACVA?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 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/acva-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acva-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACVA correlations · VXZ correlations
