ADPT vs VXX: Correlation
How closely do Adaptive Biotechnologies Corporation (ADPT) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADPT and VXX?
On 3 years of weekly data the ADPT/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.28). The 5-year figure is -0.31, and annualized covariance runs at -1196.4 %².
VXX is close to the least connected end of ADPT's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months ADPT outperformed by 153.6 percentage points (+103.9% for ADPT 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.
ADPT vs VXX: side by side
| ADPT (Adaptive Biotechnologies Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +103.9% | -49.7% |
| 5-year return | -26.1% | -95.6% |
| Volatility (ann.) | 69.8% | 60.9% |
| Beta vs S&P 500 | 1.40 | -3.31 |
| Max drawdown (3Y) | -65.8% | -83.3% |
| Market cap | $4.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADPT | VXX |
|---|---|---|
| 2022 | -72.8% | -23.8% |
| 2023 | -35.9% | -72.5% |
| 2024 | +22.3% | -26.2% |
| 2025 | +170.9% | -42.2% |
| 2026 | +62.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADPT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADPT and VXX?
The ADPT/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.01, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ADPT?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
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/adpt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adpt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADPT correlations · VXX correlations
