ALNT vs VXX: Correlation
How closely do Allient Inc. (ALNT) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALNT and VXX?
Across a 3-year window, the weekly returns of ALNT and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.25 versus -0.38 over 3 years. Stretching to 5 years gives -0.36, with an annualized covariance of -1187.1 %².
Among the 13 assets we track against ALNT, VXX sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months ALNT outperformed by 152.6 percentage points (+102.9% for ALNT 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.
ALNT vs VXX: side by side
| ALNT (Allient Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +102.9% | -49.7% |
| 5-year return | +183.0% | -95.6% |
| Volatility (ann.) | 51.2% | 60.9% |
| Beta vs S&P 500 | 1.42 | -3.31 |
| Max drawdown (3Y) | -52.9% | -83.3% |
| Market cap | $1.6B | – |
| P/E (trailing) | 55.0 | – |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALNT | VXX |
|---|---|---|
| 2022 | -4.3% | -23.8% |
| 2023 | -12.9% | -72.5% |
| 2024 | -19.3% | -26.2% |
| 2025 | +122.2% | -42.2% |
| 2026 | +78.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALNT and VXX?
The ALNT/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.25, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ALNT?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 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/alnt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alnt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALNT correlations · VXX correlations
