ABSI vs VXX: Correlation
Measured on weekly returns over the past three years, Absci Corporation (ABSI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABSI and VXX?
Across a 3-year window, the weekly returns of ABSI and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.28 over 3. Stretching to 5 years gives -0.23, with an annualized covariance of -1651.8 %².
Among the 12 assets we track against ABSI, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months ABSI outperformed by 319.1 percentage points (+269.4% for ABSI against -49.7% for VXX). Note the risk asymmetry: ABSI runs 1.6 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.
ABSI vs VXX: side by side
| ABSI (Absci Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +269.4% | -49.7% |
| 5-year return | -48.3% | -95.6% |
| Volatility (ann.) | 95.4% | 60.9% |
| Beta vs S&P 500 | 2.32 | -3.31 |
| Max drawdown (3Y) | -66.1% | -83.3% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABSI | VXX |
|---|---|---|
| 2022 | -74.4% | -23.8% |
| 2023 | +100.0% | -72.5% |
| 2024 | -37.6% | -26.2% |
| 2025 | +33.2% | -42.2% |
| 2026 | +169.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABSI and VXX good diversifiers for each other?
Yes. With a correlation of -0.28, ABSI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABSI and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.22 over the last year and -0.23 over 5 years.
Is VXX a good diversifier for ABSI?
Yes. With a correlation of -0.28, ABSI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/absi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/absi-vs-vxx/)
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Related comparisons
Hubs: ABSI correlations · VXX correlations
