ABAT vs VXX: Correlation
American Battery Technology Company (ABAT) 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 -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and VXX?
Across a 3-year window, the weekly returns of ABAT and VXX correlate at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -1670.5 %².
VXX is close to the least connected end of ABAT's tracked universe, ranking #27 of 29. The last year tells two different stories: ABAT led by 51.8 percentage points, +2.1% for ABAT against -49.7% for VXX. Risk is not evenly split, since ABAT carries 2.5 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.
ABAT vs VXX: side by side
| ABAT (American Battery Technology Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.1% | -49.7% |
| 5-year return | -88.8% | -95.6% |
| Volatility (ann.) | 153.9% | 60.9% |
| Beta vs S&P 500 | 2.08 | -3.31 |
| Max drawdown (3Y) | -93.2% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | VXX |
|---|---|---|
| 2022 | -62.0% | -23.8% |
| 2023 | -23.2% | -72.5% |
| 2024 | -47.5% | -26.2% |
| 2025 | +35.8% | -42.2% |
| 2026 | -19.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABAT and VXX?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.21 over the last year and -0.17 over 5 years.
Is VXX a good diversifier for ABAT?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/abat-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abat-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABAT correlations · VXX correlations
