ADI vs VXX: Correlation
How closely do Analog Devices (ADI) 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 -0.59, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and VXX?
On 3 years of weekly data the ADI/VXX correlation comes out at -0.59, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.53) sits close to the 3-year figure. The 5-year figure is -0.54, and annualized covariance runs at -1179.6 %².
Among the 51 assets we track against ADI, VXX sits near the bottom by co-movement, at rank #51. Correlation aside, the last 12 months split them widely, with ADI ahead by 98.3 points (+48.6% versus -49.7%). Note the risk asymmetry: VXX runs 1.9 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.
ADI vs VXX: side by side
| ADI (Analog Devices) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +48.6% | -49.7% |
| 5-year return | +143.1% | -95.6% |
| Volatility (ann.) | 32.6% | 60.9% |
| Beta vs S&P 500 | 1.56 | -3.31 |
| Max drawdown (3Y) | -32.2% | -83.3% |
| Market cap | $181.5B | – |
| P/E (trailing) | 44.6 | – |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADI | VXX |
|---|---|---|
| 2022 | -4.9% | -23.8% |
| 2023 | +23.4% | -72.5% |
| 2024 | +8.8% | -26.2% |
| 2025 | +29.8% | -42.2% |
| 2026 | +38.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADI and VXX?
As of 2026-08-27, the correlation of weekly returns between ADI and VXX is -0.59 over 3 years, -0.53 over 1 year and -0.54 over 5 years.
Is VXX a good diversifier for ADI?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
What does a correlation of -0.59 mean?
A reading of -0.59 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/adi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADI correlations · VXX correlations
