ABG vs VXX: Correlation
How closely do Asbury Automotive Group Inc (ABG) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABG and VXX?
Across a 3-year window, the weekly returns of ABG and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.20 versus -0.38 over 3 years. Stretching to 5 years gives -0.33, with an annualized covariance of -769.7 %².
Out of 12 assets tracked against ABG, VXX lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months ABG outperformed by 31.8 percentage points (-17.9% for ABG against -49.7% for VXX). 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.
ABG vs VXX: side by side
| ABG (Asbury Automotive Group Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -17.9% | -49.7% |
| 5-year return | +13.5% | -95.6% |
| Volatility (ann.) | 33.4% | 60.9% |
| Beta vs S&P 500 | 1.02 | -3.31 |
| Max drawdown (3Y) | -42.4% | -83.3% |
| Market cap | $3.8B | – |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABG | VXX |
|---|---|---|
| 2022 | +3.8% | -23.8% |
| 2023 | +25.5% | -72.5% |
| 2024 | +8.0% | -26.2% |
| 2025 | -4.3% | -42.2% |
| 2026 | -9.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABG and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABG and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.20 over the last year and -0.33 over 5 years.
Is VXX a good diversifier for ABG?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 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/abg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABG correlations · VXX correlations
