MYN vs VXX: Correlation
Blackrock MuniYield New York Quality Fund, Inc. (MYN) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYN and VXX?
On 3 years of weekly data the MYN/VXX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. The 5-year figure is -0.30, and annualized covariance runs at -186.8 %².
VXX is close to the least connected end of MYN's tracked universe, ranking #14 of 15. Correlation aside, the last 12 months split them widely, with MYN ahead by 61.3 points (+11.6% versus -49.7%). Note the risk asymmetry: VXX runs 5.7 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.
MYN vs VXX: side by side
| MYN (Blackrock MuniYield New York Quality Fund, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.6% | -49.7% |
| 5-year return | -12.0% | -95.6% |
| Volatility (ann.) | 10.7% | 60.9% |
| Beta vs S&P 500 | 0.24 | -3.31 |
| Max drawdown (3Y) | -11.2% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | 60.9 | – |
| Dividend yield | 6.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYN | VXX |
|---|---|---|
| 2022 | -27.0% | -23.8% |
| 2023 | +9.9% | -72.5% |
| 2024 | +2.8% | -26.2% |
| 2025 | +4.6% | -42.2% |
| 2026 | +2.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYN and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MYN and VXX?
As of 2026-08-27, the correlation of weekly returns between MYN and VXX is -0.29 over 3 years, -0.37 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for MYN?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/myn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/myn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MYN correlations · VXX correlations
