ADAM vs VXX: Correlation
How closely do Adamas Trust, Inc. (ADAM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAM and VXX?
On 3 years of weekly data the ADAM/VXX correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.41, and annualized covariance runs at -799.2 %².
Among the 12 assets we track against ADAM, VXX sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with ADAM ahead by 106.9 points (+57.2% versus -49.7%). Risk is not evenly split, since VXX carries 1.9 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.
ADAM vs VXX: side by side
| ADAM (Adamas Trust, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +57.2% | -49.7% |
| 5-year return | +6.4% | -95.6% |
| Volatility (ann.) | 32.7% | 60.9% |
| Beta vs S&P 500 | 0.82 | -3.31 |
| Max drawdown (3Y) | -38.7% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 9.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAM | VXX |
|---|---|---|
| 2022 | -20.8% | -23.8% |
| 2023 | -5.5% | -72.5% |
| 2024 | -19.3% | -26.2% |
| 2025 | +36.5% | -42.2% |
| 2026 | +43.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAM and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADAM and VXX?
As of 2026-08-27, the correlation of weekly returns between ADAM and VXX is -0.40 over 3 years, -0.31 over 1 year and -0.41 over 5 years.
Is VXX a good diversifier for ADAM?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 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/adam-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adam-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADAM correlations · VXX correlations
