AWP vs VXX: Correlation
abrdn Global Premier Properties Fund (AWP) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWP and VXX?
Across a 3-year window, the weekly returns of AWP and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.40 lands near the 3-year figure. Stretching to 5 years gives -0.44, with an annualized covariance of -532.3 %².
VXX is close to the least connected end of AWP's tracked universe, ranking #15 of 16. The last year tells two different stories: AWP led by 59.8 percentage points, +10.1% for AWP against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.6 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.
AWP vs VXX: side by side
| AWP (abrdn Global Premier Properties Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.1% | -49.7% |
| 5-year return | +2.9% | -95.6% |
| Volatility (ann.) | 23.0% | 60.9% |
| Beta vs S&P 500 | 0.73 | -3.31 |
| Max drawdown (3Y) | -23.1% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 6.6 | – |
| Dividend yield | 12.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWP | VXX |
|---|---|---|
| 2022 | -37.1% | -23.8% |
| 2023 | +12.6% | -72.5% |
| 2024 | +12.2% | -26.2% |
| 2025 | +12.4% | -42.2% |
| 2026 | +10.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWP and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between AWP and VXX?
As of 2026-08-27, the correlation of weekly returns between AWP and VXX is -0.38 over 3 years, -0.40 over 1 year and -0.44 over 5 years.
Is VXX a good diversifier for AWP?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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/awp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AWP correlations · VXX correlations
