AIG vs VXX: Correlation
American International Group (AIG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and VXX?
On 3 years of weekly data the AIG/VXX correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.19) than the 3-year average (-0.40). The 5-year figure is -0.41, and annualized covariance runs at -495.6 %².
Out of 28 assets tracked against AIG, VXX lands near the bottom at #27. Their recent paths diverged sharply: over the last 12 months AIG outperformed by 45.1 percentage points (-4.6% for AIG against -49.7% for VXX). One caveat on sizing: VXX is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AIG vs VXX: side by side
| AIG (American International Group) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.6% | -49.7% |
| 5-year return | +58.9% | -95.6% |
| Volatility (ann.) | 20.1% | 60.9% |
| Beta vs S&P 500 | 0.46 | -3.31 |
| Max drawdown (3Y) | -17.0% | -83.3% |
| Market cap | $40.1B | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 2.40% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIG | VXX |
|---|---|---|
| 2022 | +13.8% | -23.8% |
| 2023 | +9.8% | -72.5% |
| 2024 | +9.8% | -26.2% |
| 2025 | +20.0% | -42.2% |
| 2026 | -9.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and VXX good diversifiers for each other?
Yes. With a correlation of -0.40, AIG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIG and VXX?
The AIG/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.19, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AIG?
Yes. With a correlation of -0.40, AIG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 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/aig-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aig-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIG correlations · VXX correlations
