AKA vs VXZ: Correlation
How closely do a.k.a. Brands Holding Corp. (AKA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKA and VXZ?
Across a 3-year window, the weekly returns of AKA and VXZ correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.27). Stretching to 5 years gives -0.31, with an annualized covariance of -741.0 %².
Among the 11 assets we track against AKA, VXZ sits near the bottom by co-movement, at rank #11. Over the last 12 months AKA came out ahead by 9.8 percentage points (-6.3% against -16.1%). Risk is not evenly split, since AKA carries 4.2 times the volatility of the other side.
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.
AKA vs VXZ: side by side
| AKA (a.k.a. Brands Holding Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.3% | -16.1% |
| 5-year return | -91.2% | -53.1% |
| Volatility (ann.) | 108.8% | 25.6% |
| Beta vs S&P 500 | 1.32 | -1.31 |
| Max drawdown (3Y) | -76.3% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKA | VXZ |
|---|---|---|
| 2022 | -86.3% | +0.5% |
| 2023 | -47.2% | -44.0% |
| 2024 | +132.5% | -12.7% |
| 2025 | -42.8% | +5.7% |
| 2026 | -1.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKA and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKA and VXZ?
The AKA/VXZ correlation stands at -0.27 on a 3-year window (1 year: -0.15, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for AKA?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/aka-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aka-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AKA correlations · VXZ correlations
