AIN vs VXX: Correlation
How closely do Albany International Corporation (AIN) 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 -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIN and VXX?
Across a 3-year window, the weekly returns of AIN and VXX correlate at -0.43, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.43). Stretching to 5 years gives -0.42, with an annualized covariance of -942.4 %².
VXX is close to the least connected end of AIN's tracked universe, ranking #19 of 20. Correlation aside, the last 12 months split them widely, with AIN ahead by 44.1 points (-5.6% versus -49.7%). Risk is not evenly split, since VXX carries 1.7 times the volatility of the other side.
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.
AIN vs VXX: side by side
| AIN (Albany International Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.6% | -49.7% |
| 5-year return | -19.2% | -95.6% |
| Volatility (ann.) | 36.2% | 60.9% |
| Beta vs S&P 500 | 1.13 | -3.31 |
| Max drawdown (3Y) | -57.1% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIN | VXX |
|---|---|---|
| 2022 | +12.6% | -23.8% |
| 2023 | +0.7% | -72.5% |
| 2024 | -17.6% | -26.2% |
| 2025 | -35.5% | -42.2% |
| 2026 | +17.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIN and VXX good diversifiers for each other?
Yes. With a correlation of -0.43, AIN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIN and VXX?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with -0.16 over the last year and -0.42 over 5 years.
Is VXX a good diversifier for AIN?
Yes. With a correlation of -0.43, AIN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 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/ain-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ain-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIN correlations · VXX correlations
