AUB vs VXX: Correlation
Atlantic Union Bankshares Corporation (AUB) 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 -0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and VXX?
On 3 years of weekly data the AUB/VXX correlation comes out at -0.57, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.35) than the 3-year average (-0.57). The 5-year figure is -0.48, and annualized covariance runs at -1095.6 %².
VXX is close to the least connected end of AUB's tracked universe, ranking #49 of 50. Correlation aside, the last 12 months split them widely, with AUB ahead by 68.7 points (+19.0% versus -49.7%). Risk is not evenly split, since VXX carries 1.9 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.
AUB vs VXX: side by side
| AUB (Atlantic Union Bankshares Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.0% | -49.7% |
| 5-year return | +33.7% | -95.6% |
| Volatility (ann.) | 31.5% | 60.9% |
| Beta vs S&P 500 | 1.07 | -3.31 |
| Max drawdown (3Y) | -44.7% | -83.3% |
| Market cap | $5.8B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 3.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | VXX |
|---|---|---|
| 2022 | -2.6% | -23.8% |
| 2023 | +8.1% | -72.5% |
| 2024 | +7.5% | -26.2% |
| 2025 | -2.7% | -42.2% |
| 2026 | +18.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.57 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUB and VXX?
As of 2026-08-27, the correlation of weekly returns between AUB and VXX is -0.57 over 3 years, -0.35 over 1 year and -0.48 over 5 years.
Is VXX a good diversifier for AUB?
By historical standards, yes. A correlation of -0.57 means the two rarely move for the same reasons.
What does a correlation of -0.57 mean?
On the −1 to +1 scale, -0.57 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/aub-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AUB correlations · VXX correlations
