AREC vs VXX: Correlation
American Resources Corporation (AREC) 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 -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREC and VXX?
Across a 3-year window, the weekly returns of AREC and VXX correlate at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.08 lands near the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -1456.9 %².
Among the 16 assets we track against AREC, VXX sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months AREC outperformed by 68.0 percentage points (+18.3% for AREC against -49.7% for VXX). Risk is not evenly split, since AREC carries 2.3 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.
AREC vs VXX: side by side
| AREC (American Resources Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +18.3% | -49.7% |
| 5-year return | +18.9% | -95.6% |
| Volatility (ann.) | 141.0% | 60.9% |
| Beta vs S&P 500 | 1.27 | -3.31 |
| Max drawdown (3Y) | -78.1% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AREC | VXX |
|---|---|---|
| 2022 | -26.7% | -23.8% |
| 2023 | +12.9% | -72.5% |
| 2024 | -32.2% | -26.2% |
| 2025 | +145.5% | -42.2% |
| 2026 | +4.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AREC and VXX?
As of 2026-08-27, the correlation of weekly returns between AREC and VXX is -0.17 over 3 years, -0.08 over 1 year and -0.19 over 5 years.
Is VXX a good diversifier for AREC?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/arec-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arec-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AREC correlations · VXX correlations
