AMH vs VXX: Correlation
Measured on weekly returns over the past three years, American Homes 4 Rent (AMH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMH and VXX?
Over the past 3 years, AMH and VXX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.25). Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -319.7 %².
Among the 12 assets we track against AMH, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: AMH led by 47.6 percentage points, -2.1% for AMH against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMH vs VXX: side by side
| AMH (American Homes 4 Rent) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.1% | -49.7% |
| 5-year return | -8.5% | -95.6% |
| Volatility (ann.) | 21.1% | 60.9% |
| Beta vs S&P 500 | 0.43 | -3.31 |
| Max drawdown (3Y) | -29.7% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 3.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMH | VXX |
|---|---|---|
| 2022 | -29.5% | -23.8% |
| 2023 | +22.4% | -72.5% |
| 2024 | +7.0% | -26.2% |
| 2025 | -11.1% | -42.2% |
| 2026 | +6.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMH and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.02 over the last year and -0.30 over 5 years.
Is VXX a good diversifier for AMH?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/amh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMH correlations · VXX correlations
