ALCO vs VXZ: Correlation
Alico, Inc. (ALCO) 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 -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALCO and VXZ?
Across a 3-year window, the weekly returns of ALCO and VXZ correlate at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.28). Stretching to 5 years gives -0.30, with an annualized covariance of -189.3 %².
VXZ is close to the least connected end of ALCO's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months ALCO outperformed by 33.8 percentage points (+17.7% for ALCO against -16.1% for VXZ).
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.
ALCO vs VXZ: side by side
| ALCO (Alico, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.7% | -16.1% |
| 5-year return | +16.5% | -53.1% |
| Volatility (ann.) | 26.2% | 25.6% |
| Beta vs S&P 500 | 0.35 | -1.31 |
| Max drawdown (3Y) | -19.6% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 199.1 | – |
| Dividend yield | 0.49% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALCO | VXZ |
|---|---|---|
| 2022 | -32.6% | +0.5% |
| 2023 | +22.8% | -44.0% |
| 2024 | -10.2% | -12.7% |
| 2025 | +41.0% | +5.7% |
| 2026 | +9.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALCO and VXZ good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALCO and VXZ?
As of 2026-08-27, the correlation of weekly returns between ALCO and VXZ is -0.28 over 3 years, -0.43 over 1 year and -0.30 over 5 years.
Is VXZ a good diversifier for ALCO?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/alco-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alco-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALCO correlations · VXZ correlations
