ADX vs VXX: Correlation
Adams Diversified Equity Fund Inc. (ADX) 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 -0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADX and VXX?
Across a 3-year window, the weekly returns of ADX and VXX correlate at -0.67, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.51) runs above the 3-year figure (-0.67). Stretching to 5 years gives -0.61, with an annualized covariance of -638.5 %².
Among the 12 assets we track against ADX, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months ADX outperformed by 79.2 percentage points (+29.5% for ADX against -49.7% for VXX). One caveat on sizing: VXX is 3.9 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.
ADX vs VXX: side by side
| ADX (Adams Diversified Equity Fund Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.5% | -49.7% |
| 5-year return | +88.9% | -95.6% |
| Volatility (ann.) | 15.7% | 60.9% |
| Beta vs S&P 500 | 0.96 | -3.31 |
| Max drawdown (3Y) | -18.3% | -83.3% |
| Market cap | $3.3B | – |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 7.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADX | VXX |
|---|---|---|
| 2022 | -19.8% | -23.8% |
| 2023 | +31.5% | -72.5% |
| 2024 | +28.3% | -26.2% |
| 2025 | +26.0% | -42.2% |
| 2026 | +18.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADX and VXX good diversifiers for each other?
Yes. With a correlation of -0.67, ADX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADX and VXX?
Using weekly returns as of 2026-08-27: -0.67 over 3 years, with -0.51 over the last year and -0.61 over 5 years.
Is VXX a good diversifier for ADX?
Yes. With a correlation of -0.67, ADX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.67 mean?
A reading of -0.67 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/adx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADX correlations · VXX correlations
