A vs VXX: Correlation
Measured on weekly returns over the past three years, Agilent Technologies (A) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and VXX?
Across a 3-year window, the weekly returns of A and VXX correlate at -0.37, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.37 over 3. Stretching to 5 years gives -0.42, with an annualized covariance of -700.7 %².
Among the 33 assets we track against A, VXX sits near the bottom by co-movement, at rank #33. The last year tells two different stories: A led by 83.6 percentage points, +33.9% for A against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.0 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.
A vs VXX: side by side
| A (Agilent Technologies) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.9% | -49.7% |
| 5-year return | -7.5% | -95.6% |
| Volatility (ann.) | 31.0% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -35.3% | -83.3% |
| Market cap | $44.5B | – |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | VXX |
|---|---|---|
| 2022 | -5.5% | -23.8% |
| 2023 | -6.4% | -72.5% |
| 2024 | -2.7% | -26.2% |
| 2025 | +1.9% | -42.2% |
| 2026 | +16.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between A and VXX?
The A/VXX correlation stands at -0.37 on a 3-year window (1 year: -0.27, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for A?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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/a-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/a-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: A correlations · VXX correlations
