VAC vs VXZ: Correlation
Measured on weekly returns over the past three years, Marriott Vacations Worldwide Corporation (VAC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VAC and VXZ?
Over the past 3 years, VAC and VXZ moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.36). Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -430.7 %².
Out of 16 assets tracked against VAC, VXZ lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with VAC ahead by 64.6 points (+48.5% versus -16.1%). Note the risk asymmetry: VAC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
VAC vs VXZ: side by side
| VAC (Marriott Vacations Worldwide Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +48.5% | -16.1% |
| 5-year return | -13.2% | -53.1% |
| Volatility (ann.) | 46.3% | 25.6% |
| Beta vs S&P 500 | 1.45 | -1.31 |
| Max drawdown (3Y) | -55.7% | -36.4% |
| Market cap | $3.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.78% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VAC | VXZ |
|---|---|---|
| 2022 | -18.9% | +0.5% |
| 2023 | -35.2% | -44.0% |
| 2024 | +9.6% | -12.7% |
| 2025 | -32.7% | +5.7% |
| 2026 | +97.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VAC and VXZ good diversifiers for each other?
Yes. With a correlation of -0.36, VAC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VAC and VXZ?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.22 over the last year and -0.42 over 5 years.
Is VXZ a good diversifier for VAC?
Yes. With a correlation of -0.36, VAC and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/vac-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vac-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VAC correlations · VXZ correlations
