ASGI vs VXX: Correlation
Measured on weekly returns over the past three years, abrdn Global Infrastructure Income Fund (ASGI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASGI and VXX?
Over the past 3 years, ASGI and VXX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.34 over 3. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -393.5 %².
Among the 10 assets we track against ASGI, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months ASGI outperformed by 85.1 percentage points (+35.4% for ASGI against -49.7% for VXX). Note the risk asymmetry: VXX runs 3.2 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.
ASGI vs VXX: side by side
| ASGI (abrdn Global Infrastructure Income Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.4% | -49.7% |
| 5-year return | +97.5% | -95.6% |
| Volatility (ann.) | 19.0% | 60.9% |
| Beta vs S&P 500 | 0.50 | -3.31 |
| Max drawdown (3Y) | -15.1% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASGI | VXX |
|---|---|---|
| 2022 | -10.5% | -23.8% |
| 2023 | +14.5% | -72.5% |
| 2024 | +10.3% | -26.2% |
| 2025 | +44.2% | -42.2% |
| 2026 | +20.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASGI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASGI and VXX?
The ASGI/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.33, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ASGI?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/asgi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asgi-vs-vxx/)
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Related comparisons
Hubs: ASGI correlations · VXX correlations
