AAMI vs VXX: Correlation
Acadian Asset Management Inc. (AAMI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAMI and VXX?
Over the past 3 years, AAMI and VXX moved with a correlation of -0.51, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.41) runs above the 3-year figure (-0.51). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -1034.1 %².
Out of 12 assets tracked against AAMI, VXX lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with AAMI ahead by 142.6 points (+92.9% versus -49.7%). Risk is not evenly split, since VXX carries 1.8 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.
AAMI vs VXX: side by side
| AAMI (Acadian Asset Management Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +92.9% | -49.7% |
| 5-year return | +260.9% | -95.6% |
| Volatility (ann.) | 33.4% | 60.9% |
| Beta vs S&P 500 | 1.30 | -3.31 |
| Max drawdown (3Y) | -26.5% | -83.3% |
| Market cap | $3.5B | – |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 0.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAMI | VXX |
|---|---|---|
| 2022 | -19.4% | -23.8% |
| 2023 | -6.7% | -72.5% |
| 2024 | +37.7% | -26.2% |
| 2025 | +78.6% | -42.2% |
| 2026 | +107.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAMI and VXX good diversifiers for each other?
Yes. With a correlation of -0.51, AAMI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AAMI and VXX?
As of 2026-08-27, the correlation of weekly returns between AAMI and VXX is -0.51 over 3 years, -0.41 over 1 year and -0.47 over 5 years.
Is VXX a good diversifier for AAMI?
Yes. With a correlation of -0.51, AAMI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 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/aami-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aami-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AAMI correlations · VXX correlations
