ADP vs VXZ: Correlation
Measured on weekly returns over the past three years, Automatic Data Processing (ADP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and VXZ?
Over the past 3 years, ADP and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -142.4 %².
Out of 43 assets tracked against ADP, VXZ lands near the bottom at #43. Over the last 12 months ADP came out ahead by 12.6 percentage points (-3.5% against -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.
ADP vs VXZ: side by side
| ADP (Automatic Data Processing) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.5% | -16.1% |
| 5-year return | +52.0% | -53.1% |
| Volatility (ann.) | 21.7% | 25.6% |
| Beta vs S&P 500 | 0.53 | -1.31 |
| Max drawdown (3Y) | -40.8% | -36.4% |
| Market cap | $113.1B | – |
| P/E (trailing) | 26.0 | – |
| Dividend yield | 2.36% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ADP | VXZ |
|---|---|---|
| 2022 | -1.3% | +0.5% |
| 2023 | -0.2% | -44.0% |
| 2024 | +28.4% | -12.7% |
| 2025 | -10.2% | +5.7% |
| 2026 | +12.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, ADP and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADP and VXZ?
The ADP/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.19, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ADP?
Yes. With a correlation of -0.26, ADP and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/adp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADP correlations · VXZ correlations
