ADEA vs VXX: Correlation
Measured on weekly returns over the past three years, Adeia Inc. (ADEA) 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 ADEA and VXX?
On 3 years of weekly data the ADEA/VXX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.25) runs above the 3-year figure (-0.37). The 5-year figure is -0.32, and annualized covariance runs at -1084.8 %².
Among the 12 assets we track against ADEA, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: ADEA led by 119.9 percentage points, +70.2% for ADEA against -49.7% for VXX.
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.
ADEA vs VXX: side by side
| ADEA (Adeia Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +70.2% | -49.7% |
| 5-year return | +208.1% | -95.6% |
| Volatility (ann.) | 48.4% | 60.9% |
| Beta vs S&P 500 | 1.10 | -3.31 |
| Max drawdown (3Y) | -34.8% | -83.3% |
| Market cap | $2.9B | – |
| P/E (trailing) | 24.1 | – |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADEA | VXX |
|---|---|---|
| 2022 | +18.5% | -23.8% |
| 2023 | +33.5% | -72.5% |
| 2024 | +14.8% | -26.2% |
| 2025 | +25.2% | -42.2% |
| 2026 | +52.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADEA and VXX good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADEA and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.25 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for ADEA?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
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/adea-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adea-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADEA correlations · VXX correlations
