AME vs VXX: Correlation
Measured on weekly returns over the past three years, Ametek (AME) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.57, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and VXX?
Across a 3-year window, the weekly returns of AME and VXX correlate at -0.57, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.42) runs above the 3-year figure (-0.57). Stretching to 5 years gives -0.55, with an annualized covariance of -715.6 %².
VXX is close to the least connected end of AME's tracked universe, ranking #31 of 31. Their recent paths diverged sharply: over the last 12 months AME outperformed by 81.1 percentage points (+31.4% for AME against -49.7% for VXX). Risk is not evenly split, since VXX carries 3.0 times the volatility of the other side.
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.
AME vs VXX: side by side
| AME (Ametek) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.4% | -49.7% |
| 5-year return | +83.6% | -95.6% |
| Volatility (ann.) | 20.4% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -23.0% | -83.3% |
| Market cap | $55.9B | – |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AME | VXX |
|---|---|---|
| 2022 | -4.3% | -23.8% |
| 2023 | +18.8% | -72.5% |
| 2024 | +10.0% | -26.2% |
| 2025 | +14.7% | -42.2% |
| 2026 | +19.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and VXX good diversifiers for each other?
Yes. With a correlation of -0.57, AME and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AME and VXX?
Using weekly returns as of 2026-08-27: -0.57 over 3 years, with -0.42 over the last year and -0.55 over 5 years.
Is VXX a good diversifier for AME?
Yes. With a correlation of -0.57, AME and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.57 mean?
On the −1 to +1 scale, -0.57 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/ame-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ame-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AME correlations · VXX correlations
