AMD vs VXX: Correlation
Measured on weekly returns over the past three years, Advanced Micro Devices (AMD) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and VXX?
On 3 years of weekly data the AMD/VXX correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.41). The 5-year figure is -0.37, and annualized covariance runs at -1402.8 %².
Among the 33 assets we track against AMD, VXX sits near the bottom by co-movement, at rank #32. Correlation aside, the last 12 months split them widely, with AMD ahead by 234.9 points (+185.2% versus -49.7%).
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.
AMD vs VXX: side by side
| AMD (Advanced Micro Devices) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +185.2% | -49.7% |
| 5-year return | +328.2% | -95.6% |
| Volatility (ann.) | 55.7% | 60.9% |
| Beta vs S&P 500 | 2.04 | -3.31 |
| Max drawdown (3Y) | -63.0% | -83.3% |
| Market cap | $778.2B | – |
| P/E (trailing) | 121.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AMD | VXX |
|---|---|---|
| 2022 | -55.0% | -23.8% |
| 2023 | +127.6% | -72.5% |
| 2024 | -18.1% | -26.2% |
| 2025 | +77.3% | -42.2% |
| 2026 | +122.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMD and VXX?
The AMD/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.17, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AMD?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 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/amd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMD correlations · VXX correlations
