ALKT vs VXX: Correlation
How closely do Alkami Technology, Inc. (ALKT) 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 -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKT and VXX?
Over the past 3 years, ALKT and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.29 versus -0.39 over 3 years. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -1071.6 %².
Out of 11 assets tracked against ALKT, VXX lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with ALKT ahead by 30.2 points (-19.5% 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.
ALKT vs VXX: side by side
| ALKT (Alkami Technology, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.5% | -49.7% |
| 5-year return | -28.5% | -95.6% |
| Volatility (ann.) | 45.4% | 60.9% |
| Beta vs S&P 500 | 1.31 | -3.31 |
| Max drawdown (3Y) | -65.4% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALKT | VXX |
|---|---|---|
| 2022 | -27.3% | -23.8% |
| 2023 | +66.2% | -72.5% |
| 2024 | +51.3% | -26.2% |
| 2025 | -37.1% | -42.2% |
| 2026 | -11.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALKT and VXX?
As of 2026-08-27, the correlation of weekly returns between ALKT and VXX is -0.39 over 3 years, -0.29 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for ALKT?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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/alkt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alkt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALKT correlations · VXX correlations
