AMP vs VXZ: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) 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 VXZ?
On 3 years of weekly data the AMP/VXZ correlation comes out at -0.59, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.28) than the 3-year average (-0.59). The 5-year figure is -0.62, and annualized covariance runs at -374.6 %².
VXZ is close to the least connected end of AMP's tracked universe, ranking #34 of 34. Correlation aside, the last 12 months split them widely, with AMP ahead by 24.8 points (+8.7% versus -16.1%).
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 VXZ: side by side
| AMP (Ameriprise Financial) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.7% | -16.1% |
| 5-year return | +119.2% | -53.1% |
| Volatility (ann.) | 25.0% | 25.6% |
| Beta vs S&P 500 | 1.09 | -1.31 |
| Max drawdown (3Y) | -26.4% | -36.4% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | VXZ |
|---|---|---|
| 2022 | +5.0% | +0.5% |
| 2023 | +24.0% | -44.0% |
| 2024 | +42.1% | -12.7% |
| 2025 | -6.7% | +5.7% |
| 2026 | +14.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMP and VXZ?
Using weekly returns as of 2026-08-27: -0.59 over 3 years, with -0.28 over the last year and -0.62 over 5 years.
Is VXZ a good diversifier for AMP?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMP correlations · VXZ correlations
