ALEC vs VXX: Correlation
Measured on weekly returns over the past three years, Alector, Inc. (ALEC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALEC and VXX?
Over the past 3 years, ALEC and VXX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.21) than the 3-year average (-0.35). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -1948.3 %².
Out of 11 assets tracked against ALEC, VXX lands near the bottom at #10. The last year tells two different stories: ALEC led by 49.3 percentage points, -0.4% for ALEC 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.
ALEC vs VXX: side by side
| ALEC (Alector, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.4% | -49.7% |
| 5-year return | -90.9% | -95.6% |
| Volatility (ann.) | 90.5% | 60.9% |
| Beta vs S&P 500 | 2.06 | -3.31 |
| Max drawdown (3Y) | -89.2% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALEC | VXX |
|---|---|---|
| 2022 | -55.3% | -23.8% |
| 2023 | -13.5% | -72.5% |
| 2024 | -76.3% | -26.2% |
| 2025 | -17.5% | -42.2% |
| 2026 | +53.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALEC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALEC and VXX?
As of 2026-08-27, the correlation of weekly returns between ALEC and VXX is -0.35 over 3 years, -0.21 over 1 year and -0.28 over 5 years.
Is VXX a good diversifier for ALEC?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 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/alec-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alec-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALEC correlations · VXX correlations
