IAE vs VXX: Correlation
Measured on weekly returns over the past three years, Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.54, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAE and VXX?
Across a 3-year window, the weekly returns of IAE and VXX correlate at -0.54, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.65) runs below the 3-year figure (-0.54). Stretching to 5 years gives -0.48, with an annualized covariance of -546.4 %².
Among the 17 assets we track against IAE, VXX sits near the bottom by co-movement, at rank #17. The last year tells two different stories: IAE led by 87.5 percentage points, +37.8% for IAE against -49.7% for VXX. Risk is not evenly split, since VXX carries 3.7 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.
IAE vs VXX: side by side
| IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.8% | -49.7% |
| 5-year return | +84.4% | -95.6% |
| Volatility (ann.) | 16.5% | 60.9% |
| Beta vs S&P 500 | 0.72 | -3.31 |
| Max drawdown (3Y) | -16.2% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IAE | VXX |
|---|---|---|
| 2022 | -14.0% | -23.8% |
| 2023 | +9.1% | -72.5% |
| 2024 | +13.4% | -26.2% |
| 2025 | +34.6% | -42.2% |
| 2026 | +29.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAE and VXX good diversifiers for each other?
Yes. With a correlation of -0.54, IAE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IAE and VXX?
As of 2026-08-27, the correlation of weekly returns between IAE and VXX is -0.54 over 3 years, -0.65 over 1 year and -0.48 over 5 years.
Is VXX a good diversifier for IAE?
Yes. With a correlation of -0.54, IAE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.54 mean?
On the −1 to +1 scale, -0.54 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/iae-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iae-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IAE correlations · VXX correlations
