AMZN vs. VXX
AMZN (Amazon.com, Inc) is a stock, while VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) is Volatility fund tracking the S&P 500 VIX Short-Term Futures Index Total Return. Over the past 10 years, AMZN returned 20.85%/yr vs -46.65%/yr for VXX. At a correlation of -0.50, they often move in opposite directions.
Performance
AMZN vs. VXX - Performance Comparison
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Returns By Period
In the year-to-date period, AMZN achieves a 7.25% return, which is significantly higher than VXX's -19.27% return. Over the past 10 years, AMZN has outperformed VXX with an annualized return of 20.85%, while VXX has yielded a comparatively lower -46.65% annualized return.
AMZN
- 1D
- -0.98%
- 1M
- 1.29%
- 6M
- 7.16%
- YTD
- 7.25%
- 1Y
- 7.96%
- 3Y*
- 23.95%
- 5Y*
- 6.36%
- 10Y*
- 20.85%
- ALL TIME*
- 29.82%
VXX
- 1D
- -3.39%
- 1M
- -6.27%
- 6M
- -27.26%
- YTD
- -19.27%
- 1Y
- -52.36%
- 3Y*
- -39.14%
- 5Y*
- -46.50%
- 10Y*
- -46.65%
- ALL TIME*
- -51.48%
AMZN vs. VXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMZN Amazon.com, Inc | 7.25% | 5.21% | 44.39% | 80.88% | -49.62% | 2.38% | 76.26% | 23.03% | 28.43% | 55.96% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | -19.27% | -42.21% | -26.22% | -72.52% | -23.80% | -72.41% | 11.04% | -67.75% | 67.91% | -72.64% |
Correlation
The correlation between AMZN and VXX is -0.46, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2009 | -0.50 |
The correlation between AMZN and VXX has been stable across timeframes, ranging from -0.51 to -0.46 - a consistent structural relationship.
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Return for Risk
AMZN vs. VXX — Risk / Return Rank
AMZN
VXX
AMZN vs. VXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amazon.com, Inc (AMZN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMZN | VXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.84 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.96 | +1.33 |
| Martin ratioReturn relative to average drawdown | 0.80 | -1.52 | +2.32 |
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Drawdowns
AMZN vs. VXX - Drawdown Comparison
The maximum AMZN drawdown since its inception was -94.40%, smaller than the maximum VXX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AMZN and VXX.
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Drawdown Indicators
| AMZN | VXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.40% | -100.00% | +5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -21.74% | -54.59% | +32.85% |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | -80.75% | +49.87% |
Max Drawdown (5Y)Largest decline over 5 years | -55.77% | -95.85% | +40.08% |
Max Drawdown (10Y)Largest decline over 10 years | -56.15% | -99.82% | +43.67% |
Current DrawdownCurrent decline from peak | -9.98% | -100.00% | +90.02% |
Average DrawdownAverage peak-to-trough decline | -28.13% | -95.10% | +66.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.94% | 34.50% | -24.56% |
Volatility
AMZN vs. VXX - Volatility Comparison
The current volatility for Amazon.com, Inc (AMZN) is 8.79%, while iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a volatility of 12.47%. This indicates that AMZN experiences smaller price fluctuations and is considered to be less risky than VXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZN | VXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 12.47% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 21.95% | 44.07% | -22.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.14% | 56.60% | -25.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.71% | 67.53% | -31.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.61% | 70.33% | -37.72% |
Dividends
AMZN vs. VXX - Dividend Comparison
Neither AMZN nor VXX has paid dividends to shareholders.
Frequently Asked Questions
AMZN and VXX have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VXX has higher volatility (12.47%) compared to AMZN (8.79%). In terms of maximum drawdown, AMZN dropped -94.40% vs VXX's -100.00%.
AMZN currently has the higher Sharpe Ratio (0.26 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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