ADNT vs VXX: Correlation
How closely do Adient plc (ADNT) 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 -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADNT and VXX?
On 3 years of weekly data the ADNT/VXX correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.39, and annualized covariance runs at -931.5 %².
VXX is close to the least connected end of ADNT's tracked universe, ranking #16 of 16. Their recent paths diverged sharply: over the last 12 months ADNT outperformed by 23.4 percentage points (-26.3% for ADNT 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.
ADNT vs VXX: side by side
| ADNT (Adient plc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -26.3% | -49.7% |
| 5-year return | -53.1% | -95.6% |
| Volatility (ann.) | 43.0% | 60.9% |
| Beta vs S&P 500 | 1.05 | -3.31 |
| Max drawdown (3Y) | -74.4% | -83.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | 34.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADNT | VXX |
|---|---|---|
| 2022 | -27.5% | -23.8% |
| 2023 | +4.8% | -72.5% |
| 2024 | -52.6% | -26.2% |
| 2025 | +11.3% | -42.2% |
| 2026 | -1.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADNT and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, ADNT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADNT and VXX?
The ADNT/VXX correlation stands at -0.36 on a 3-year window (1 year: -0.29, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ADNT?
Yes. With a correlation of -0.36, ADNT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 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/adnt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adnt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADNT correlations · VXX correlations
