AOD vs VXX: Correlation
abrdn Total Dynamic Dividend Fund (AOD) 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 -0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and VXX?
Over the past 3 years, AOD and VXX moved with a correlation of -0.72, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.75 lands near the 3-year figure. Over 5 years the correlation is -0.67, and the annualized covariance of weekly returns is -673.7 %².
Out of 26 assets tracked against AOD, VXX lands near the bottom at #26. Correlation aside, the last 12 months split them widely, with AOD ahead by 81.5 points (+31.8% versus -49.7%). Note the risk asymmetry: VXX runs 4.0 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.
AOD vs VXX: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.8% | -49.7% |
| 5-year return | +70.1% | -95.6% |
| Volatility (ann.) | 15.4% | 60.9% |
| Beta vs S&P 500 | 0.81 | -3.31 |
| Max drawdown (3Y) | -16.7% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | – |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOD | VXX |
|---|---|---|
| 2022 | -17.1% | -23.8% |
| 2023 | +12.7% | -72.5% |
| 2024 | +16.1% | -26.2% |
| 2025 | +32.1% | -42.2% |
| 2026 | +18.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.72 means the two rarely move for the same reasons.
FAQ
What is the correlation between AOD and VXX?
Using weekly returns as of 2026-08-27: -0.72 over 3 years, with -0.75 over the last year and -0.67 over 5 years.
Is VXX a good diversifier for AOD?
By historical standards, yes. A correlation of -0.72 means the two rarely move for the same reasons.
What does a correlation of -0.72 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/aod-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aod-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOD correlations · VXX correlations
