IFN vs VXZ: Correlation
Aberdeen India Fund, Inc. (IFN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFN and VXZ?
Across a 3-year window, the weekly returns of IFN and VXZ correlate at -0.43, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.48) sits close to the 3-year figure. Stretching to 5 years gives -0.47, with an annualized covariance of -225.6 %².
Out of 12 assets tracked against IFN, VXZ lands near the bottom at #11. Their 12-month results are close: -14.0% for IFN against -16.1% for VXZ.
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.
IFN vs VXZ: side by side
| IFN (Aberdeen India Fund, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.0% | -16.1% |
| 5-year return | +1.4% | -53.1% |
| Volatility (ann.) | 20.3% | 25.6% |
| Beta vs S&P 500 | 0.74 | -1.31 |
| Max drawdown (3Y) | -33.9% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 19.23% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IFN | VXZ |
|---|---|---|
| 2022 | -15.8% | +0.5% |
| 2023 | +36.5% | -44.0% |
| 2024 | -2.3% | -12.7% |
| 2025 | -3.0% | +5.7% |
| 2026 | -7.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFN and VXZ good diversifiers for each other?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IFN and VXZ?
As of 2026-08-27, the correlation of weekly returns between IFN and VXZ is -0.43 over 3 years, -0.48 over 1 year and -0.47 over 5 years.
Is VXZ a good diversifier for IFN?
Yes: at -0.43, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.43 mean?
A reading of -0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ifn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ifn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IFN correlations · VXZ correlations
