AIP vs VXX: Correlation
Measured on weekly returns over the past three years, Arteris, Inc. (AIP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIP and VXX?
Over the past 3 years, AIP and VXX moved with a correlation of -0.44, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.23 versus -0.44 over 3 years. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -1758.0 %².
VXX is close to the least connected end of AIP's tracked universe, ranking #13 of 13. Correlation aside, the last 12 months split them widely, with AIP ahead by 193.1 points (+143.4% versus -49.7%).
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.
AIP vs VXX: side by side
| AIP (Arteris, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +143.4% | -49.7% |
| 5-year return | +29.7% | -95.6% |
| Volatility (ann.) | 65.6% | 60.9% |
| Beta vs S&P 500 | 2.01 | -3.31 |
| Max drawdown (3Y) | -54.5% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIP | VXX |
|---|---|---|
| 2022 | -79.6% | -23.8% |
| 2023 | +37.0% | -72.5% |
| 2024 | +73.0% | -26.2% |
| 2025 | +52.1% | -42.2% |
| 2026 | +52.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIP and VXX good diversifiers for each other?
Yes: at -0.44, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIP and VXX?
As of 2026-08-27, the correlation of weekly returns between AIP and VXX is -0.44 over 3 years, -0.23 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for AIP?
Yes: at -0.44, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.44 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/aip-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aip-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIP correlations · VXX correlations
