AAPL vs VXX: Correlation
Measured on weekly returns over the past three years, Apple Inc. (AAPL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.43, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and VXX?
Across a 3-year window, the weekly returns of AAPL and VXX correlate at -0.43, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.29) than the 3-year average (-0.43). Stretching to 5 years gives -0.45, with an annualized covariance of -720.0 %².
Among the 32 assets we track against AAPL, VXX sits near the bottom by co-movement, at rank #31. The last year tells two different stories: AAPL led by 86.7 percentage points, +37.0% for AAPL against -49.7% for VXX. One caveat on sizing: VXX is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AAPL vs VXX: side by side
| AAPL (Apple Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +37.0% | -49.7% |
| 5-year return | +110.6% | -95.6% |
| Volatility (ann.) | 27.2% | 60.9% |
| Beta vs S&P 500 | 1.06 | -3.31 |
| Max drawdown (3Y) | -33.4% | -83.3% |
| Market cap | $4,591.0B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AAPL | VXX |
|---|---|---|
| 2022 | -26.4% | -23.8% |
| 2023 | +49.0% | -72.5% |
| 2024 | +30.7% | -26.2% |
| 2025 | +9.1% | -42.2% |
| 2026 | +16.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAPL and VXX good diversifiers for each other?
Yes. With a correlation of -0.43, AAPL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AAPL and VXX?
As of 2026-08-27, the correlation of weekly returns between AAPL and VXX is -0.43 over 3 years, -0.29 over 1 year and -0.45 over 5 years.
Is VXX a good diversifier for AAPL?
Yes. With a correlation of -0.43, AAPL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/aapl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aapl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AAPL correlations · VXX correlations
