AFCG vs VXX: Correlation
How closely do Advanced Flower Capital Inc. (AFCG) 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 AFCG and VXX?
Across a 3-year window, the weekly returns of AFCG and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.30). Stretching to 5 years gives -0.34, with an annualized covariance of -825.5 %².
VXX is close to the least connected end of AFCG's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with AFCG ahead by 23.2 points (-26.5% versus -49.7%).
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.
AFCG vs VXX: side by side
| AFCG (Advanced Flower Capital Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -26.5% | -49.7% |
| 5-year return | -55.2% | -95.6% |
| Volatility (ann.) | 45.5% | 60.9% |
| Beta vs S&P 500 | 1.01 | -3.31 |
| Max drawdown (3Y) | -76.9% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 7.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFCG | VXX |
|---|---|---|
| 2022 | -21.2% | -23.8% |
| 2023 | -10.5% | -72.5% |
| 2024 | +18.7% | -26.2% |
| 2025 | -61.9% | -42.2% |
| 2026 | +25.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFCG and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, AFCG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AFCG and VXX?
The AFCG/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.13, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AFCG?
Yes. With a correlation of -0.30, AFCG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/afcg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afcg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFCG correlations · VXX correlations
