ALB vs VXX: Correlation
How closely do Albemarle Corporation (ALB) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and VXX?
Across a 3-year window, the weekly returns of ALB and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.25) runs above the 3-year figure (-0.38). Stretching to 5 years gives -0.38, with an annualized covariance of -1266.3 %².
VXX is close to the least connected end of ALB's tracked universe, ranking #36 of 36. Correlation aside, the last 12 months split them widely, with ALB ahead by 106.6 points (+56.9% 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.
ALB vs VXX: side by side
| ALB (Albemarle Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.9% | -49.7% |
| 5-year return | -39.2% | -95.6% |
| Volatility (ann.) | 54.3% | 60.9% |
| Beta vs S&P 500 | 1.62 | -3.31 |
| Max drawdown (3Y) | -74.1% | -83.3% |
| Market cap | $16.0B | – |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | VXX |
|---|---|---|
| 2022 | -6.6% | -23.8% |
| 2023 | -32.8% | -72.5% |
| 2024 | -39.5% | -26.2% |
| 2025 | +67.7% | -42.2% |
| 2026 | -3.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALB and VXX?
The ALB/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.25, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ALB?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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/alb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALB correlations · VXX correlations
