ALTG vs VXX: Correlation
Measured on weekly returns over the past three years, Alta Equipment Group Inc. (ALTG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTG and VXX?
On 3 years of weekly data the ALTG/VXX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.36, and annualized covariance runs at -1459.5 %².
Out of 12 assets tracked against ALTG, VXX lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with ALTG ahead by 23.8 points (-25.9% versus -49.7%).
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.
ALTG vs VXX: side by side
| ALTG (Alta Equipment Group Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.9% | -49.7% |
| 5-year return | -50.0% | -95.6% |
| Volatility (ann.) | 65.4% | 60.9% |
| Beta vs S&P 500 | 2.11 | -3.31 |
| Max drawdown (3Y) | -71.8% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTG | VXX |
|---|---|---|
| 2022 | -9.1% | -23.8% |
| 2023 | -4.7% | -72.5% |
| 2024 | -45.5% | -26.2% |
| 2025 | -28.4% | -42.2% |
| 2026 | +34.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALTG and VXX?
The ALTG/VXX correlation stands at -0.37 on a 3-year window (1 year: -0.30, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ALTG?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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/altg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/altg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALTG correlations · VXX correlations
