ARMK vs VXZ: Correlation
How closely do Aramark (ARMK) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARMK and VXZ?
Over the past 3 years, ARMK and VXZ moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.30). Over 5 years the correlation is -0.40, and the annualized covariance of weekly returns is -196.9 %².
Among the 12 assets we track against ARMK, VXZ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months ARMK outperformed by 66.7 percentage points (+50.6% for ARMK 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.
ARMK vs VXZ: side by side
| ARMK (Aramark) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +50.6% | -16.1% |
| 5-year return | +152.4% | -53.1% |
| Volatility (ann.) | 25.7% | 25.6% |
| Beta vs S&P 500 | 0.61 | -1.31 |
| Max drawdown (3Y) | -27.6% | -36.4% |
| Market cap | $15.5B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.81% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARMK | VXZ |
|---|---|---|
| 2022 | +13.5% | +0.5% |
| 2023 | -4.7% | -44.0% |
| 2024 | +34.3% | -12.7% |
| 2025 | -0.1% | +5.7% |
| 2026 | +60.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARMK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, ARMK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARMK and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.16 over the last year and -0.40 over 5 years.
Is VXZ a good diversifier for ARMK?
Yes. With a correlation of -0.30, ARMK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/armk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/armk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARMK correlations · VXZ correlations
