APTV vs VXZ: Correlation
How closely do Aptiv (APTV) 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 APTV and VXZ?
On 3 years of weekly data the APTV/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. The 5-year figure is -0.40, and annualized covariance runs at -261.3 %².
VXZ is close to the least connected end of APTV's tracked universe, ranking #32 of 33. The last year tells two different stories: VXZ led by 27.1 percentage points, -43.2% for APTV 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.
APTV vs VXZ: side by side
| APTV (Aptiv) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -43.2% | -16.1% |
| 5-year return | -70.3% | -53.1% |
| Volatility (ann.) | 37.7% | 25.6% |
| Beta vs S&P 500 | 0.76 | -1.31 |
| Max drawdown (3Y) | -56.5% | -36.4% |
| Market cap | $9.4B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | APTV | VXZ |
|---|---|---|
| 2022 | -43.5% | +0.5% |
| 2023 | -3.7% | -44.0% |
| 2024 | -32.6% | -12.7% |
| 2025 | +25.8% | +5.7% |
| 2026 | -40.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and VXZ good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APTV and VXZ?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.21 over the last year and -0.40 over 5 years.
Is VXZ a good diversifier for APTV?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/aptv-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aptv-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APTV correlations · VXZ correlations
