AMP vs VXX: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.59, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and VXX?
Over the past 3 years, AMP and VXX moved with a correlation of -0.59, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.27) than the 3-year average (-0.59). Over 5 years the correlation is -0.57, and the annualized covariance of weekly returns is -897.6 %².
Out of 34 assets tracked against AMP, VXX lands near the bottom at #33. The last year tells two different stories: AMP led by 58.4 percentage points, +8.7% for AMP against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.4 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.
AMP vs VXX: side by side
| AMP (Ameriprise Financial) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.7% | -49.7% |
| 5-year return | +119.2% | -95.6% |
| Volatility (ann.) | 25.0% | 60.9% |
| Beta vs S&P 500 | 1.09 | -3.31 |
| Max drawdown (3Y) | -26.4% | -83.3% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | VXX |
|---|---|---|
| 2022 | +5.0% | -23.8% |
| 2023 | +24.0% | -72.5% |
| 2024 | +42.1% | -26.2% |
| 2025 | -6.7% | -42.2% |
| 2026 | +14.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and VXX good diversifiers for each other?
Yes: at -0.59, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMP and VXX?
Using weekly returns as of 2026-08-27: -0.59 over 3 years, with -0.27 over the last year and -0.57 over 5 years.
Is VXX a good diversifier for AMP?
Yes: at -0.59, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.59 mean?
On the −1 to +1 scale, -0.59 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/amp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMP correlations · VXX correlations
