ALSN vs VXX: Correlation
Allison Transmission Holdings, Inc. (ALSN) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALSN and VXX?
Over the past 3 years, ALSN and VXX moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.36 over 3. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -648.7 %².
VXX is close to the least connected end of ALSN's tracked universe, ranking #11 of 12. The last year tells two different stories: ALSN led by 96.0 percentage points, +46.3% for ALSN against -49.7% for VXX. One caveat on sizing: VXX is 2.0 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.
ALSN vs VXX: side by side
| ALSN (Allison Transmission Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +46.3% | -49.7% |
| 5-year return | +271.5% | -95.6% |
| Volatility (ann.) | 29.8% | 60.9% |
| Beta vs S&P 500 | 0.81 | -3.31 |
| Max drawdown (3Y) | -33.6% | -83.3% |
| Market cap | $10.7B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALSN | VXX |
|---|---|---|
| 2022 | +16.9% | -23.8% |
| 2023 | +42.3% | -72.5% |
| 2024 | +88.0% | -26.2% |
| 2025 | -8.3% | -42.2% |
| 2026 | +32.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALSN and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, ALSN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALSN and VXX?
The ALSN/VXX correlation stands at -0.36 on a 3-year window (1 year: -0.27, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ALSN?
Yes. With a correlation of -0.36, ALSN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/alsn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alsn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALSN correlations · VXX correlations
