ADSK vs VXZ: Correlation
Measured on weekly returns over the past three years, Autodesk (ADSK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and VXZ?
On 3 years of weekly data the ADSK/VXZ correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.21 versus -0.33 over 3 years. The 5-year figure is -0.41, and annualized covariance runs at -264.3 %².
VXZ is close to the least connected end of ADSK's tracked universe, ranking #42 of 44. On 12-month performance ADSK holds a 10.7-point edge, -5.4% 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.
ADSK vs VXZ: side by side
| ADSK (Autodesk) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.4% | -16.1% |
| 5-year return | -13.7% | -53.1% |
| Volatility (ann.) | 30.9% | 25.6% |
| Beta vs S&P 500 | 1.04 | -1.31 |
| Max drawdown (3Y) | -42.6% | -36.4% |
| Market cap | $57.1B | – |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | VXZ |
|---|---|---|
| 2022 | -33.5% | +0.5% |
| 2023 | +30.3% | -44.0% |
| 2024 | +21.4% | -12.7% |
| 2025 | +0.1% | +5.7% |
| 2026 | -8.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and VXZ good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADSK and VXZ?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.21 over the last year and -0.41 over 5 years.
Is VXZ a good diversifier for ADSK?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 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/adsk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adsk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADSK correlations · VXZ correlations
