ABM vs VXX: Correlation
How closely do ABM Industries Incorporated (ABM) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and VXX?
On 3 years of weekly data the ABM/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.30 over 3 years. The 5-year figure is -0.31, and annualized covariance runs at -520.3 %².
VXX is close to the least connected end of ABM's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months ABM outperformed by 47.2 percentage points (-2.5% for ABM against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.1 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.
ABM vs VXX: side by side
| ABM (ABM Industries Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.5% | -49.7% |
| 5-year return | +6.5% | -95.6% |
| Volatility (ann.) | 28.9% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -34.4% | -83.3% |
| Market cap | $2.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 2.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABM | VXX |
|---|---|---|
| 2022 | +10.7% | -23.8% |
| 2023 | +3.0% | -72.5% |
| 2024 | +16.4% | -26.2% |
| 2025 | -15.5% | -42.2% |
| 2026 | +13.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABM and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.09 over the last year and -0.31 over 5 years.
Is VXX a good diversifier for ABM?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/abm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABM correlations · VXX correlations
