AMTB vs VXX: Correlation
How closely do Amerant Bancorp Inc. (AMTB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.51, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTB and VXX?
Across a 3-year window, the weekly returns of AMTB and VXX correlate at -0.51, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.51). Stretching to 5 years gives -0.43, with an annualized covariance of -1066.5 %².
VXX is close to the least connected end of AMTB's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months AMTB outperformed by 86.4 percentage points (+36.7% for AMTB against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.8 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.
AMTB vs VXX: side by side
| AMTB (Amerant Bancorp Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +36.7% | -49.7% |
| 5-year return | +17.3% | -95.6% |
| Volatility (ann.) | 34.6% | 60.9% |
| Beta vs S&P 500 | 0.99 | -3.31 |
| Max drawdown (3Y) | -36.9% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMTB | VXX |
|---|---|---|
| 2022 | -21.4% | -23.8% |
| 2023 | -6.8% | -72.5% |
| 2024 | -7.3% | -26.2% |
| 2025 | -11.3% | -42.2% |
| 2026 | +49.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTB and VXX good diversifiers for each other?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMTB and VXX?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.13 over the last year and -0.43 over 5 years.
Is VXX a good diversifier for AMTB?
Yes: at -0.51, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.51 mean?
On the −1 to +1 scale, -0.51 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/amtb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amtb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMTB correlations · VXX correlations
