ADSK vs VXX: Correlation
How closely do Autodesk (ADSK) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and VXX?
On 3 years of weekly data the ADSK/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.34 over 3 years. The 5-year figure is -0.40, and annualized covariance runs at -633.9 %².
Out of 44 assets tracked against ADSK, VXX lands near the bottom at #43. The last year tells two different stories: ADSK led by 44.3 percentage points, -5.4% for ADSK against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.0 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.
ADSK vs VXX: side by side
| ADSK (Autodesk) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.4% | -49.7% |
| 5-year return | -13.7% | -95.6% |
| Volatility (ann.) | 30.9% | 60.9% |
| Beta vs S&P 500 | 1.04 | -3.31 |
| Max drawdown (3Y) | -42.6% | -83.3% |
| Market cap | $57.1B | – |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | VXX |
|---|---|---|
| 2022 | -33.5% | -23.8% |
| 2023 | +30.3% | -72.5% |
| 2024 | +21.4% | -26.2% |
| 2025 | +0.1% | -42.2% |
| 2026 | -8.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADSK and VXX?
As of 2026-08-27, the correlation of weekly returns between ADSK and VXX is -0.34 over 3 years, -0.13 over 1 year and -0.40 over 5 years.
Is VXX a good diversifier for ADSK?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/adsk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adsk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADSK correlations · VXX correlations
