AGD vs VXZ: Correlation
abrdn Global Dynamic Dividend Fund (AGD) 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 -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGD and VXZ?
Over the past 3 years, AGD and VXZ moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.58 lands near the 3-year figure. Over 5 years the correlation is -0.56, and the annualized covariance of weekly returns is -284.0 %².
Among the 15 assets we track against AGD, VXZ sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months AGD outperformed by 35.8 percentage points (+19.7% for AGD 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.
AGD vs VXZ: side by side
| AGD (abrdn Global Dynamic Dividend Fund) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.7% | -16.1% |
| 5-year return | +65.7% | -53.1% |
| Volatility (ann.) | 21.4% | 25.6% |
| Beta vs S&P 500 | 0.88 | -1.31 |
| Max drawdown (3Y) | -20.3% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 5.26% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGD | VXZ |
|---|---|---|
| 2022 | -15.3% | +0.5% |
| 2023 | +7.4% | -44.0% |
| 2024 | +16.4% | -12.7% |
| 2025 | +34.3% | +5.7% |
| 2026 | +16.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGD and VXZ good diversifiers for each other?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGD and VXZ?
Using weekly returns as of 2026-08-27: -0.52 over 3 years, with -0.58 over the last year and -0.56 over 5 years.
Is VXZ a good diversifier for AGD?
Yes: at -0.52, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.52 mean?
On the −1 to +1 scale, -0.52 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/agd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGD correlations · VXZ correlations
