AAT vs VXX: Correlation
How closely do American Assets Trust, Inc. (AAT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAT and VXX?
On 3 years of weekly data the AAT/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.31) runs above the 3-year figure (-0.42). The 5-year figure is -0.43, and annualized covariance runs at -676.2 %².
Among the 24 assets we track against AAT, VXX sits near the bottom by co-movement, at rank #23. Correlation aside, the last 12 months split them widely, with AAT ahead by 65.9 points (+16.2% versus -49.7%). One caveat on sizing: VXX is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AAT vs VXX: side by side
| AAT (American Assets Trust, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.2% | -49.7% |
| 5-year return | -24.9% | -95.6% |
| Volatility (ann.) | 26.7% | 60.9% |
| Beta vs S&P 500 | 0.74 | -3.31 |
| Max drawdown (3Y) | -38.0% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | 75.0 | – |
| Dividend yield | 5.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAT | VXX |
|---|---|---|
| 2022 | -26.4% | -23.8% |
| 2023 | -9.6% | -72.5% |
| 2024 | +23.3% | -26.2% |
| 2025 | -23.0% | -42.2% |
| 2026 | +22.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between AAT and VXX?
The AAT/VXX correlation stands at -0.42 on a 3-year window (1 year: -0.31, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AAT?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
A reading of -0.42 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/aat-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aat-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AAT correlations · VXX correlations
