ANF vs VXX: Correlation
How closely do Abercrombie & Fitch Company (ANF) 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 -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANF and VXX?
On 3 years of weekly data the ANF/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.46 over 1 year against -0.42 over 3. The 5-year figure is -0.37, and annualized covariance runs at -1480.4 %².
Among the 12 assets we track against ANF, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: ANF led by 102.5 percentage points, +52.8% for ANF 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.
ANF vs VXX: side by side
| ANF (Abercrombie & Fitch Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.8% | -49.7% |
| 5-year return | +299.1% | -95.6% |
| Volatility (ann.) | 57.9% | 60.9% |
| Beta vs S&P 500 | 1.47 | -3.31 |
| Max drawdown (3Y) | -65.9% | -83.3% |
| Market cap | $6.5B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANF | VXX |
|---|---|---|
| 2022 | -34.2% | -23.8% |
| 2023 | +285.1% | -72.5% |
| 2024 | +69.4% | -26.2% |
| 2025 | -15.8% | -42.2% |
| 2026 | +15.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANF and VXX good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANF and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.46 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for ANF?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 mean?
A reading of -0.42 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/anf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANF correlations · VXX correlations
