AMUB vs VXX: Correlation
How closely do ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) 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 -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMUB and VXX?
On 3 years of weekly data the AMUB/VXX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus -0.37 over 3 years. The 5-year figure is -0.33, and annualized covariance runs at -371.0 %².
Among the 20 assets we track against AMUB, VXX sits near the bottom by co-movement, at rank #19. The last year tells two different stories: AMUB led by 80.6 percentage points, +30.9% for AMUB against -49.7% for VXX. Risk is not evenly split, since VXX carries 3.7 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.
AMUB vs VXX: side by side
| AMUB (ETRACS Alerian MLP Index ETN Series B due July 18, 2042) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.9% | -49.7% |
| 5-year return | +191.0% | -95.6% |
| Volatility (ann.) | 16.5% | 60.9% |
| Beta vs S&P 500 | 0.31 | -3.31 |
| Max drawdown (3Y) | -17.0% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMUB | VXX |
|---|---|---|
| 2022 | +29.9% | -23.8% |
| 2023 | +25.4% | -72.5% |
| 2024 | +23.0% | -26.2% |
| 2025 | +8.7% | -42.2% |
| 2026 | +29.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMUB and VXX good diversifiers for each other?
Yes. With a correlation of -0.37, AMUB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMUB and VXX?
The AMUB/VXX correlation stands at -0.37 on a 3-year window (1 year: 0.19, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AMUB?
Yes. With a correlation of -0.37, AMUB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amub-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amub-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMUB correlations · VXX correlations
