ALV vs VXX: Correlation
Measured on weekly returns over the past three years, Autoliv, Inc. (ALV) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALV and VXX?
Over the past 3 years, ALV and VXX moved with a correlation of -0.50, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.38) than the 3-year average (-0.50). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -783.3 %².
Out of 16 assets tracked against ALV, VXX lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with ALV ahead by 51.0 points (+1.3% versus -49.7%). One caveat on sizing: VXX is 2.4 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.
ALV vs VXX: side by side
| ALV (Autoliv, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.3% | -49.7% |
| 5-year return | +58.0% | -95.6% |
| Volatility (ann.) | 25.8% | 60.9% |
| Beta vs S&P 500 | 0.88 | -3.31 |
| Max drawdown (3Y) | -39.3% | -83.3% |
| Market cap | $9.0B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 2.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALV | VXX |
|---|---|---|
| 2022 | -23.5% | -23.8% |
| 2023 | +48.0% | -72.5% |
| 2024 | -12.7% | -26.2% |
| 2025 | +29.2% | -42.2% |
| 2026 | +5.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALV and VXX good diversifiers for each other?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALV and VXX?
The ALV/VXX correlation stands at -0.50 on a 3-year window (1 year: -0.38, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ALV?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.50 mean?
A reading of -0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alv-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alv-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALV correlations · VXX correlations
