AEG vs VXZ: Correlation
Aegon Ltd. New York Registry Shares (AEG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEG and VXZ?
On 3 years of weekly data the AEG/VXZ correlation comes out at -0.58, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.52) sits close to the 3-year figure. The 5-year figure is -0.57, and annualized covariance runs at -364.5 %².
Out of 10 assets tracked against AEG, VXZ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months AEG outperformed by 36.7 percentage points (+20.6% for AEG against -16.1% for VXZ).
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 VXZ: side by side
| AEG (Aegon Ltd. New York Registry Shares) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.6% | -16.1% |
| 5-year return | +132.6% | -53.1% |
| Volatility (ann.) | 24.5% | 25.6% |
| Beta vs S&P 500 | 1.00 | -1.31 |
| Max drawdown (3Y) | -18.4% | -36.4% |
| Market cap | $13.6B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 4.56% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEG | VXZ |
|---|---|---|
| 2022 | +6.5% | +0.5% |
| 2023 | +21.2% | -44.0% |
| 2024 | +8.4% | -12.7% |
| 2025 | +35.1% | +5.7% |
| 2026 | +22.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
FAQ
What is the correlation between AEG and VXZ?
As of 2026-08-27, the correlation of weekly returns between AEG and VXZ is -0.58 over 3 years, -0.52 over 1 year and -0.57 over 5 years.
Is VXZ a good diversifier for AEG?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
What does a correlation of -0.58 mean?
A reading of -0.58 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/aeg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEG correlations · VXZ correlations
