ALLE vs VXX: Correlation
Allegion (ALLE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and VXX?
Over the past 3 years, ALLE and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.31). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -462.2 %².
Among the 33 assets we track against ALLE, VXX sits near the bottom by co-movement, at rank #32. Their recent paths diverged sharply: over the last 12 months ALLE outperformed by 43.3 percentage points (-6.4% for ALLE against -49.7% for VXX). One caveat on sizing: VXX is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ALLE vs VXX: side by side
| ALLE (Allegion) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.4% | -49.7% |
| 5-year return | +19.4% | -95.6% |
| Volatility (ann.) | 24.3% | 60.9% |
| Beta vs S&P 500 | 0.60 | -3.31 |
| Max drawdown (3Y) | -29.8% | -83.3% |
| Market cap | $13.6B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.32% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | VXX |
|---|---|---|
| 2022 | -19.3% | -23.8% |
| 2023 | +22.3% | -72.5% |
| 2024 | +4.7% | -26.2% |
| 2025 | +22.8% | -42.2% |
| 2026 | +1.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALLE and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.08 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for ALLE?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/alle-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alle-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALLE correlations · VXX correlations
