AEIS vs VXX: Correlation
Measured on weekly returns over the past three years, Advanced Energy Industries, Inc. (AEIS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and VXX?
Across a 3-year window, the weekly returns of AEIS and VXX correlate at -0.49, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.29) than the 3-year average (-0.49). Stretching to 5 years gives -0.46, with an annualized covariance of -1300.0 %².
VXX is close to the least connected end of AEIS's tracked universe, ranking #32 of 32. Their recent paths diverged sharply: over the last 12 months AEIS outperformed by 136.7 percentage points (+87.0% for AEIS 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.
AEIS vs VXX: side by side
| AEIS (Advanced Energy Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +87.0% | -49.7% |
| 5-year return | +222.9% | -95.6% |
| Volatility (ann.) | 43.9% | 60.9% |
| Beta vs S&P 500 | 1.69 | -3.31 |
| Max drawdown (3Y) | -39.9% | -83.3% |
| Market cap | $11.5B | – |
| P/E (trailing) | 52.4 | – |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEIS | VXX |
|---|---|---|
| 2022 | -5.4% | -23.8% |
| 2023 | +27.5% | -72.5% |
| 2024 | +6.6% | -26.2% |
| 2025 | +81.6% | -42.2% |
| 2026 | +37.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and VXX good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AEIS and VXX?
As of 2026-08-27, the correlation of weekly returns between AEIS and VXX is -0.49 over 3 years, -0.29 over 1 year and -0.46 over 5 years.
Is VXX a good diversifier for AEIS?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
A reading of -0.49 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/aeis-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeis-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEIS correlations · VXX correlations
