AEG vs VXX: Correlation
How closely do Aegon Ltd. New York Registry Shares (AEG) 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 -0.62, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEG and VXX?
Across a 3-year window, the weekly returns of AEG and VXX correlate at -0.62, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.55 over 1 year against -0.62 over 3. Stretching to 5 years gives -0.53, with an annualized covariance of -920.7 %².
Out of 10 assets tracked against AEG, VXX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months AEG outperformed by 70.3 percentage points (+20.6% for AEG against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AEG vs VXX: side by side
| AEG (Aegon Ltd. New York Registry Shares) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.6% | -49.7% |
| 5-year return | +132.6% | -95.6% |
| Volatility (ann.) | 24.5% | 60.9% |
| Beta vs S&P 500 | 1.00 | -3.31 |
| Max drawdown (3Y) | -18.4% | -83.3% |
| Market cap | $13.6B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 4.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEG | VXX |
|---|---|---|
| 2022 | +6.5% | -23.8% |
| 2023 | +21.2% | -72.5% |
| 2024 | +8.4% | -26.2% |
| 2025 | +35.1% | -42.2% |
| 2026 | +22.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
FAQ
What is the correlation between AEG and VXX?
Using weekly returns as of 2026-08-27: -0.62 over 3 years, with -0.55 over the last year and -0.53 over 5 years.
Is VXX a good diversifier for AEG?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
What does a correlation of -0.62 mean?
On the −1 to +1 scale, -0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEG correlations · VXX correlations
