AGD vs VXX: Correlation
How closely do abrdn Global Dynamic Dividend Fund (AGD) 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 -0.57, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGD and VXX?
On 3 years of weekly data the AGD/VXX correlation comes out at -0.57, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.61 over 1 year against -0.57 over 3. The 5-year figure is -0.56, and annualized covariance runs at -743.3 %².
Out of 15 assets tracked against AGD, VXX lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with AGD ahead by 69.4 points (+19.7% versus -49.7%). Note the risk asymmetry: VXX runs 2.8 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.
AGD vs VXX: side by side
| AGD (abrdn Global Dynamic Dividend Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.7% | -49.7% |
| 5-year return | +65.7% | -95.6% |
| Volatility (ann.) | 21.4% | 60.9% |
| Beta vs S&P 500 | 0.88 | -3.31 |
| Max drawdown (3Y) | -20.3% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 5.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGD | VXX |
|---|---|---|
| 2022 | -15.3% | -23.8% |
| 2023 | +7.4% | -72.5% |
| 2024 | +16.4% | -26.2% |
| 2025 | +34.3% | -42.2% |
| 2026 | +16.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGD and VXX good diversifiers for each other?
Yes: at -0.57, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGD and VXX?
As of 2026-08-27, the correlation of weekly returns between AGD and VXX is -0.57 over 3 years, -0.61 over 1 year and -0.56 over 5 years.
Is VXX a good diversifier for AGD?
Yes: at -0.57, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.57 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/agd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGD correlations · VXX correlations
