MYI vs VXX: Correlation
Blackrock MuniYield Quality Fund III, Inc (MYI) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYI and VXX?
Over the past 3 years, MYI 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: -0.38 over 1 year against -0.34 over 3. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -246.0 %².
Out of 15 assets tracked against MYI, VXX lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with MYI ahead by 58.4 points (+8.7% versus -49.7%). Risk is not evenly split, since VXX carries 5.2 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.
MYI vs VXX: side by side
| MYI (Blackrock MuniYield Quality Fund III, Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.7% | -49.7% |
| 5-year return | -5.8% | -95.6% |
| Volatility (ann.) | 11.8% | 60.9% |
| Beta vs S&P 500 | 0.30 | -3.31 |
| Max drawdown (3Y) | -11.8% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 28.3 | – |
| Dividend yield | 6.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYI | VXX |
|---|---|---|
| 2022 | -20.5% | -23.8% |
| 2023 | +8.8% | -72.5% |
| 2024 | +0.6% | -26.2% |
| 2025 | +4.8% | -42.2% |
| 2026 | +3.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYI 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 MYI and VXX?
As of 2026-08-27, the correlation of weekly returns between MYI and VXX is -0.34 over 3 years, -0.38 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for MYI?
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?
A reading of -0.34 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/myi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/myi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MYI correlations · VXX correlations
