AMZN vs VXX: Correlation
How closely do Amazon (AMZN) 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 -0.53, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and VXX?
Across a 3-year window, the weekly returns of AMZN and VXX correlate at -0.53, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.36) than the 3-year average (-0.53). Stretching to 5 years gives -0.45, with an annualized covariance of -1006.5 %².
Among the 38 assets we track against AMZN, VXX sits near the bottom by co-movement, at rank #37. Correlation aside, the last 12 months split them widely, with AMZN ahead by 61.5 points (+11.8% versus -49.7%). Note the risk asymmetry: VXX runs 2.0 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.
AMZN vs VXX: side by side
| AMZN (Amazon) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.8% | -49.7% |
| 5-year return | +49.8% | -95.6% |
| Volatility (ann.) | 31.0% | 60.9% |
| Beta vs S&P 500 | 1.48 | -3.31 |
| Max drawdown (3Y) | -30.9% | -83.3% |
| Market cap | $2,764.1B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | AMZN | VXX |
|---|---|---|
| 2022 | -49.6% | -23.8% |
| 2023 | +80.9% | -72.5% |
| 2024 | +44.4% | -26.2% |
| 2025 | +5.2% | -42.2% |
| 2026 | +11.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.53 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMZN and VXX?
Using weekly returns as of 2026-08-27: -0.53 over 3 years, with -0.36 over the last year and -0.45 over 5 years.
Is VXX a good diversifier for AMZN?
By historical standards, yes. A correlation of -0.53 means the two rarely move for the same reasons.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 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/amzn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amzn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMZN correlations · VXX correlations
