AOD vs VXZ: Correlation
How closely do abrdn Total Dynamic Dividend Fund (AOD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.67, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and VXZ?
Over the past 3 years, AOD and VXZ moved with a correlation of -0.67, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.68 lands near the 3-year figure. Over 5 years the correlation is -0.68, and the annualized covariance of weekly returns is -262.8 %².
Among the 26 assets we track against AOD, VXZ sits near the bottom by co-movement, at rank #25. Correlation aside, the last 12 months split them widely, with AOD ahead by 47.9 points (+31.8% versus -16.1%). Risk is not evenly split, since VXZ carries 1.7 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.
AOD vs VXZ: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.8% | -16.1% |
| 5-year return | +70.1% | -53.1% |
| Volatility (ann.) | 15.4% | 25.6% |
| Beta vs S&P 500 | 0.81 | -1.31 |
| Max drawdown (3Y) | -16.7% | -36.4% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | – |
| Dividend yield | 5.46% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOD | VXZ |
|---|---|---|
| 2022 | -17.1% | +0.5% |
| 2023 | +12.7% | -44.0% |
| 2024 | +16.1% | -12.7% |
| 2025 | +32.1% | +5.7% |
| 2026 | +18.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.67 means the two rarely move for the same reasons.
FAQ
What is the correlation between AOD and VXZ?
Using weekly returns as of 2026-08-27: -0.67 over 3 years, with -0.68 over the last year and -0.68 over 5 years.
Is VXZ a good diversifier for AOD?
By historical standards, yes. A correlation of -0.67 means the two rarely move for the same reasons.
What does a correlation of -0.67 mean?
A reading of -0.67 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/aod-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aod-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOD correlations · VXZ correlations
