AIZ vs VXX: Correlation
Measured on weekly returns over the past three years, Assurant (AIZ) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and VXX?
On 3 years of weekly data the AIZ/VXX correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.25) than the 3-year average (-0.44). The 5-year figure is -0.34, and annualized covariance runs at -577.8 %².
VXX is close to the least connected end of AIZ's tracked universe, ranking #33 of 34. The last year tells two different stories: AIZ led by 83.8 percentage points, +34.1% for AIZ against -49.7% for VXX. One caveat on sizing: VXX is 2.8 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.
AIZ vs VXX: side by side
| AIZ (Assurant) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +34.1% | -49.7% |
| 5-year return | +83.5% | -95.6% |
| Volatility (ann.) | 21.5% | 60.9% |
| Beta vs S&P 500 | 0.60 | -3.31 |
| Max drawdown (3Y) | -20.8% | -83.3% |
| Market cap | $14.1B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | VXX |
|---|---|---|
| 2022 | -18.3% | -23.8% |
| 2023 | +37.5% | -72.5% |
| 2024 | +28.5% | -26.2% |
| 2025 | +14.7% | -42.2% |
| 2026 | +19.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and VXX good diversifiers for each other?
Yes: at -0.44, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIZ and VXX?
Using weekly returns as of 2026-08-27: -0.44 over 3 years, with -0.25 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for AIZ?
Yes: at -0.44, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.44 mean?
A reading of -0.44 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/aiz-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiz-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIZ correlations · VXX correlations
