AMCR vs VXX: Correlation
Amcor (AMCR) 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 -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and VXX?
Over the past 3 years, AMCR and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -362.8 %².
Out of 36 assets tracked against AMCR, VXX lands near the bottom at #32. Correlation aside, the last 12 months split them widely, with AMCR ahead by 62.3 points (+12.6% versus -49.7%). One caveat on sizing: VXX is 2.5 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.
AMCR vs VXX: side by side
| AMCR (Amcor) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.6% | -49.7% |
| 5-year return | -9.8% | -95.6% |
| Volatility (ann.) | 24.5% | 60.9% |
| Beta vs S&P 500 | 0.46 | -3.31 |
| Max drawdown (3Y) | -32.0% | -83.3% |
| Market cap | $21.5B | – |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | VXX |
|---|---|---|
| 2022 | +3.2% | -23.8% |
| 2023 | -15.0% | -72.5% |
| 2024 | +2.6% | -26.2% |
| 2025 | -9.0% | -42.2% |
| 2026 | +14.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, AMCR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMCR and VXX?
The AMCR/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.31, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AMCR?
Yes. With a correlation of -0.24, AMCR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/amcr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amcr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCR correlations · VXX correlations
