CACC vs VXZ: Correlation
Measured on weekly returns over the past three years, Credit Acceptance Corporation (CACC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CACC and VXZ?
On 3 years of weekly data the CACC/VXZ correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.30) than the 3-year average (-0.41). The 5-year figure is -0.41, and annualized covariance runs at -387.5 %².
Out of 10 assets tracked against CACC, VXZ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with CACC ahead by 33.8 points (+17.7% versus -16.1%).
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.
CACC vs VXZ: side by side
| CACC (Credit Acceptance Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.7% | -16.1% |
| 5-year return | +4.2% | -53.1% |
| Volatility (ann.) | 36.8% | 25.6% |
| Beta vs S&P 500 | 1.30 | -1.31 |
| Max drawdown (3Y) | -32.7% | -36.4% |
| Market cap | $6.2B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CACC | VXZ |
|---|---|---|
| 2022 | -31.0% | +0.5% |
| 2023 | +12.3% | -44.0% |
| 2024 | -11.9% | -12.7% |
| 2025 | -5.5% | +5.7% |
| 2026 | +35.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CACC and VXZ good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CACC and VXZ?
As of 2026-08-27, the correlation of weekly returns between CACC and VXZ is -0.41 over 3 years, -0.30 over 1 year and -0.41 over 5 years.
Is VXZ a good diversifier for CACC?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/cacc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cacc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CACC correlations · VXZ correlations
