CCZ vs VIP: Correlation
Measured on weekly returns over the past three years, Comcast Holdings ZONES (CCZ) and Vulcan Infrastructure and Power Inc. (VIP) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCZ and VIP?
On 3 years of weekly data the CCZ/VIP correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.37 over 3 years. The 5-year figure is 0.23, and annualized covariance runs at 897.0 %².
VIP is one of the assets that tracks CCZ most closely: it ranks #2 out of the 10 assets we track against CCZ. The last year tells two different stories: VIP led by 24.2 percentage points, +12.4% for CCZ against +36.6% for VIP. Risk is not evenly split, since VIP carries 5.1 times the volatility of the other side.
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.
CCZ vs VIP: side by side
| CCZ (Comcast Holdings ZONES) | VIP (Vulcan Infrastructure and Power Inc.) | |
|---|---|---|
| 1-year return | +12.4% | +36.6% |
| 5-year return | +24.7% | -99.9% |
| Volatility (ann.) | 21.9% | 110.7% |
| Beta vs S&P 500 | 0.35 | 1.74 |
| Max drawdown (3Y) | -16.3% | -92.8% |
| Market cap | – | – |
| P/E (trailing) | – | 14.9 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCZ | VIP |
|---|---|---|
| 2022 | -8.9% | -98.2% |
| 2023 | +3.8% | +131.4% |
| 2024 | +10.6% | -76.9% |
| 2025 | +1.3% | -4.5% |
| 2026 | +12.3% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCZ and VIP good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCZ and VIP?
As of 2026-08-27, the correlation of weekly returns between CCZ and VIP is 0.37 over 3 years, 0.02 over 1 year and 0.23 over 5 years.
Is VIP a good diversifier for CCZ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CCZ correlations · VIP correlations
