AYI vs VXZ: Correlation
Measured on weekly returns over the past three years, Acuity Inc. (AYI) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYI and VXZ?
Over the past 3 years, AYI and VXZ moved with a correlation of -0.50, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.39) than the 3-year average (-0.50). Over 5 years the correlation is -0.48, and the annualized covariance of weekly returns is -381.5 %².
Among the 12 assets we track against AYI, VXZ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months AYI outperformed by 18.7 percentage points (+2.6% for AYI 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.
AYI vs VXZ: side by side
| AYI (Acuity Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.6% | -16.1% |
| 5-year return | +86.6% | -53.1% |
| Volatility (ann.) | 30.1% | 25.6% |
| Beta vs S&P 500 | 1.13 | -1.31 |
| Max drawdown (3Y) | -33.7% | -36.4% |
| Market cap | $10.2B | – |
| P/E (trailing) | 22.7 | – |
| Dividend yield | 0.22% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AYI | VXZ |
|---|---|---|
| 2022 | -21.5% | +0.5% |
| 2023 | +24.1% | -44.0% |
| 2024 | +42.9% | -12.7% |
| 2025 | +23.5% | +5.7% |
| 2026 | -4.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYI and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
FAQ
What is the correlation between AYI and VXZ?
Using weekly returns as of 2026-08-27: -0.50 over 3 years, with -0.39 over the last year and -0.48 over 5 years.
Is VXZ a good diversifier for AYI?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
What does a correlation of -0.50 mean?
A reading of -0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ayi-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ayi-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AYI correlations · VXZ correlations
