ALLY vs VXX: Correlation
Measured on weekly returns over the past three years, Ally Financial Inc. (ALLY) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.53, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLY and VXX?
Across a 3-year window, the weekly returns of ALLY and VXX correlate at -0.53, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.47) sits close to the 3-year figure. Stretching to 5 years gives -0.49, with an annualized covariance of -1112.8 %².
Out of 14 assets tracked against ALLY, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ALLY outperformed by 56.8 percentage points (+7.1% for ALLY against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.8 times the volatility of the other side.
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.
ALLY vs VXX: side by side
| ALLY (Ally Financial Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.1% | -49.7% |
| 5-year return | -2.7% | -95.6% |
| Volatility (ann.) | 34.5% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -31.6% | -83.3% |
| Market cap | $13.0B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLY | VXX |
|---|---|---|
| 2022 | -46.9% | -23.8% |
| 2023 | +49.2% | -72.5% |
| 2024 | +6.4% | -26.2% |
| 2025 | +29.9% | -42.2% |
| 2026 | -3.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLY and VXX good diversifiers for each other?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALLY and VXX?
As of 2026-08-27, the correlation of weekly returns between ALLY and VXX is -0.53 over 3 years, -0.47 over 1 year and -0.49 over 5 years.
Is VXX a good diversifier for ALLY?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ally-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ally-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALLY correlations · VXX correlations
