ALGN vs VXX: Correlation
How closely do Align Technology (ALGN) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and VXX?
Over the past 3 years, ALGN and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Over 5 years the correlation is -0.41, and the annualized covariance of weekly returns is -1095.1 %².
Among the 37 assets we track against ALGN, VXX sits near the bottom by co-movement, at rank #37. The last year tells two different stories: ALGN led by 61.6 percentage points, +11.9% for ALGN 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.
ALGN vs VXX: side by side
| ALGN (Align Technology) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.9% | -49.7% |
| 5-year return | -77.4% | -95.6% |
| Volatility (ann.) | 44.3% | 60.9% |
| Beta vs S&P 500 | 1.51 | -3.31 |
| Max drawdown (3Y) | -66.7% | -83.3% |
| Market cap | $11.3B | – |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ALGN | VXX |
|---|---|---|
| 2022 | -67.9% | -23.8% |
| 2023 | +29.9% | -72.5% |
| 2024 | -23.9% | -26.2% |
| 2025 | -25.1% | -42.2% |
| 2026 | +1.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALGN and VXX?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.35 over the last year and -0.41 over 5 years.
Is VXX a good diversifier for ALGN?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/algn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALGN correlations · VXX correlations
