APG vs VXX: Correlation
How closely do APi Group Corporation (APG) 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 -0.50, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APG and VXX?
Across a 3-year window, the weekly returns of APG and VXX correlate at -0.50, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.35) than the 3-year average (-0.50). Stretching to 5 years gives -0.51, with an annualized covariance of -820.6 %².
VXX is close to the least connected end of APG's tracked universe, ranking #12 of 12. The last year tells two different stories: APG led by 63.2 percentage points, +13.5% for APG against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.2 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.
APG vs VXX: side by side
| APG (APi Group Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.5% | -49.7% |
| 5-year return | +165.2% | -95.6% |
| Volatility (ann.) | 27.2% | 60.9% |
| Beta vs S&P 500 | 1.14 | -3.31 |
| Max drawdown (3Y) | -22.2% | -83.3% |
| Market cap | $17.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APG | VXX |
|---|---|---|
| 2022 | -27.0% | -23.8% |
| 2023 | +83.9% | -72.5% |
| 2024 | +4.0% | -26.2% |
| 2025 | +59.5% | -42.2% |
| 2026 | +7.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APG and VXX good diversifiers for each other?
Yes. With a correlation of -0.50, APG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APG and VXX?
Using weekly returns as of 2026-08-27: -0.50 over 3 years, with -0.35 over the last year and -0.51 over 5 years.
Is VXX a good diversifier for APG?
Yes. With a correlation of -0.50, APG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.50 mean?
On the −1 to +1 scale, -0.50 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/apg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APG correlations · VXX correlations
