ASG vs VXX: Correlation
Measured on weekly returns over the past three years, Liberty All-Star Growth Fund, Inc. (ASG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.67, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and VXX?
Over the past 3 years, ASG and VXX moved with a correlation of -0.67, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.67 over 1 year against -0.67 over 3. Over 5 years the correlation is -0.53, and the annualized covariance of weekly returns is -742.6 %².
Among the 52 assets we track against ASG, VXX sits near the bottom by co-movement, at rank #51. Correlation aside, the last 12 months split them widely, with ASG ahead by 53.0 points (+3.3% versus -49.7%). One caveat on sizing: VXX is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASG vs VXX: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.3% | -49.7% |
| 5-year return | -5.6% | -95.6% |
| Volatility (ann.) | 18.3% | 60.9% |
| Beta vs S&P 500 | 1.12 | -3.31 |
| Max drawdown (3Y) | -25.3% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASG | VXX |
|---|---|---|
| 2022 | -40.9% | -23.8% |
| 2023 | +16.2% | -72.5% |
| 2024 | +16.8% | -26.2% |
| 2025 | +2.2% | -42.2% |
| 2026 | +6.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and VXX good diversifiers for each other?
Yes: at -0.67, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASG and VXX?
As of 2026-08-27, the correlation of weekly returns between ASG and VXX is -0.67 over 3 years, -0.67 over 1 year and -0.53 over 5 years.
Is VXX a good diversifier for ASG?
Yes: at -0.67, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.67 mean?
On the −1 to +1 scale, -0.67 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/asg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asg-vs-vxx/)
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Related comparisons
Hubs: ASG correlations · VXX correlations
