AMPY vs VXX: Correlation
Measured on weekly returns over the past three years, Amplify Energy Corp. (AMPY) 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 AMPY and VXX?
On 3 years of weekly data the AMPY/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.25 over 3 years. The 5-year figure is -0.16, and annualized covariance runs at -873.4 %².
Out of 12 assets tracked against AMPY, VXX lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with AMPY ahead by 65.4 points (+15.7% 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.
AMPY vs VXX: side by side
| AMPY (Amplify Energy Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.7% | -49.7% |
| 5-year return | +30.1% | -95.6% |
| Volatility (ann.) | 56.4% | 60.9% |
| Beta vs S&P 500 | 0.28 | -3.31 |
| Max drawdown (3Y) | -71.1% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 9.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPY | VXX |
|---|---|---|
| 2022 | +182.6% | -23.8% |
| 2023 | -32.5% | -72.5% |
| 2024 | +1.2% | -26.2% |
| 2025 | -23.8% | -42.2% |
| 2026 | +3.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPY and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, AMPY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMPY and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.03 over the last year and -0.16 over 5 years.
Is VXX a good diversifier for AMPY?
Yes. With a correlation of -0.25, AMPY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ampy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ampy-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMPY correlations · VXX correlations
