ADNT vs VXZ: Correlation
Adient plc (ADNT) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADNT and VXZ?
Over the past 3 years, ADNT and VXZ moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.31 over 3. Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -340.9 %².
VXZ is close to the least connected end of ADNT's tracked universe, ranking #15 of 16. The trailing year gives VXZ the advantage: -26.3% versus -16.1%, a 10.2-point spread. Note the risk asymmetry: ADNT runs 1.7 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.
ADNT vs VXZ: side by side
| ADNT (Adient plc) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -26.3% | -16.1% |
| 5-year return | -53.1% | -53.1% |
| Volatility (ann.) | 43.0% | 25.6% |
| Beta vs S&P 500 | 1.05 | -1.31 |
| Max drawdown (3Y) | -74.4% | -36.4% |
| Market cap | $1.5B | – |
| P/E (trailing) | 34.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADNT | VXZ |
|---|---|---|
| 2022 | -27.5% | +0.5% |
| 2023 | +4.8% | -44.0% |
| 2024 | -52.6% | -12.7% |
| 2025 | +11.3% | +5.7% |
| 2026 | -1.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADNT and VXZ good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADNT and VXZ?
As of 2026-08-27, the correlation of weekly returns between ADNT and VXZ is -0.31 over 3 years, -0.26 over 1 year and -0.44 over 5 years.
Is VXZ a good diversifier for ADNT?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/adnt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adnt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADNT correlations · VXZ correlations
