AMRC vs VXX: Correlation
Ameresco, Inc. (AMRC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRC and VXX?
On 3 years of weekly data the AMRC/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.31, and annualized covariance runs at -1532.4 %².
Among the 18 assets we track against AMRC, VXX sits near the bottom by co-movement, at rank #18. The last year tells two different stories: AMRC led by 43.1 percentage points, -6.6% for AMRC against -49.7% for VXX.
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.
AMRC vs VXX: side by side
| AMRC (Ameresco, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.6% | -49.7% |
| 5-year return | -66.7% | -95.6% |
| Volatility (ann.) | 74.9% | 60.9% |
| Beta vs S&P 500 | 1.78 | -3.31 |
| Max drawdown (3Y) | -81.5% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMRC | VXX |
|---|---|---|
| 2022 | -29.8% | -23.8% |
| 2023 | -44.6% | -72.5% |
| 2024 | -25.9% | -26.2% |
| 2025 | +24.7% | -42.2% |
| 2026 | -21.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMRC and VXX?
The AMRC/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.32, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AMRC?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/amrc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amrc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMRC correlations · VXX correlations
