GOLF vs VXZ: Correlation
Measured on weekly returns over the past three years, Acushnet Holdings Corp. (GOLF) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLF and VXZ?
On 3 years of weekly data the GOLF/VXZ correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.41, and annualized covariance runs at -301.2 %².
Among the 13 assets we track against GOLF, VXZ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: GOLF led by 26.2 percentage points, +10.1% for GOLF 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.
GOLF vs VXZ: side by side
| GOLF (Acushnet Holdings Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.1% | -16.1% |
| 5-year return | +77.9% | -53.1% |
| Volatility (ann.) | 29.1% | 25.6% |
| Beta vs S&P 500 | 0.77 | -1.31 |
| Max drawdown (3Y) | -28.3% | -36.4% |
| Market cap | $5.0B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 1.13% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOLF | VXZ |
|---|---|---|
| 2022 | -18.7% | +0.5% |
| 2023 | +51.0% | -44.0% |
| 2024 | +14.0% | -12.7% |
| 2025 | +13.7% | +5.7% |
| 2026 | +7.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLF and VXZ good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GOLF and VXZ?
The GOLF/VXZ correlation stands at -0.40 on a 3-year window (1 year: -0.31, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for GOLF?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 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/golf-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/golf-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOLF correlations · VXZ correlations
