ALGM vs VXX: Correlation
Measured on weekly returns over the past three years, Allegro MicroSystems, Inc. (ALGM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGM and VXX?
Across a 3-year window, the weekly returns of ALGM and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.43) sits close to the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -1251.6 %².
Among the 11 assets we track against ALGM, VXX sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months ALGM outperformed by 69.2 percentage points (+19.5% for ALGM 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.
ALGM vs VXX: side by side
| ALGM (Allegro MicroSystems, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.5% | -49.7% |
| 5-year return | +23.1% | -95.6% |
| Volatility (ann.) | 56.9% | 60.9% |
| Beta vs S&P 500 | 1.83 | -3.31 |
| Max drawdown (3Y) | -57.2% | -83.3% |
| Market cap | $7.0B | – |
| P/E (trailing) | 537.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALGM | VXX |
|---|---|---|
| 2022 | -17.0% | -23.8% |
| 2023 | +0.8% | -72.5% |
| 2024 | -27.8% | -26.2% |
| 2025 | +20.7% | -42.2% |
| 2026 | +42.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGM and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, ALGM and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALGM and VXX?
As of 2026-08-27, the correlation of weekly returns between ALGM and VXX is -0.36 over 3 years, -0.43 over 1 year and -0.38 over 5 years.
Is VXX a good diversifier for ALGM?
Yes. With a correlation of -0.36, ALGM and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/algm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALGM correlations · VXX correlations
