ALNT vs VXZ: Correlation
Measured on weekly returns over the past three years, Allient Inc. (ALNT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALNT and VXZ?
Across a 3-year window, the weekly returns of ALNT and VXZ correlate at -0.35, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.36, with an annualized covariance of -456.5 %².
Among the 13 assets we track against ALNT, VXZ sits near the bottom by co-movement, at rank #12. The last year tells two different stories: ALNT led by 119.0 percentage points, +102.9% for ALNT against -16.1% for VXZ. Risk is not evenly split, since ALNT carries 2.0 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.
ALNT vs VXZ: side by side
| ALNT (Allient Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +102.9% | -16.1% |
| 5-year return | +183.0% | -53.1% |
| Volatility (ann.) | 51.2% | 25.6% |
| Beta vs S&P 500 | 1.42 | -1.31 |
| Max drawdown (3Y) | -52.9% | -36.4% |
| Market cap | $1.6B | – |
| P/E (trailing) | 55.0 | – |
| Dividend yield | 0.14% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALNT | VXZ |
|---|---|---|
| 2022 | -4.3% | +0.5% |
| 2023 | -12.9% | -44.0% |
| 2024 | -19.3% | -12.7% |
| 2025 | +122.2% | +5.7% |
| 2026 | +78.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.35, ALNT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALNT and VXZ?
The ALNT/VXZ correlation stands at -0.35 on a 3-year window (1 year: -0.29, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ALNT?
Yes. With a correlation of -0.35, ALNT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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/alnt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alnt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALNT correlations · VXZ correlations
