ANET vs VXX: Correlation
Measured on weekly returns over the past three years, Arista Networks (ANET) 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 ANET and VXX?
Across a 3-year window, the weekly returns of ANET and VXX correlate at -0.50, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.39) runs above the 3-year figure (-0.50). Stretching to 5 years gives -0.40, with an annualized covariance of -1514.7 %².
Out of 35 assets tracked against ANET, VXX lands near the bottom at #34. Their recent paths diverged sharply: over the last 12 months ANET outperformed by 100.6 percentage points (+50.9% for ANET 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.
ANET vs VXX: side by side
| ANET (Arista Networks) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +50.9% | -49.7% |
| 5-year return | +764.7% | -95.6% |
| Volatility (ann.) | 49.3% | 60.9% |
| Beta vs S&P 500 | 2.20 | -3.31 |
| Max drawdown (3Y) | -50.4% | -83.3% |
| Market cap | $253.6B | – |
| P/E (trailing) | 64.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ANET | VXX |
|---|---|---|
| 2022 | -15.6% | -23.8% |
| 2023 | +94.1% | -72.5% |
| 2024 | +87.7% | -26.2% |
| 2025 | +18.5% | -42.2% |
| 2026 | +53.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and VXX good diversifiers for each other?
Yes. With a correlation of -0.50, ANET and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANET and VXX?
As of 2026-08-27, the correlation of weekly returns between ANET and VXX is -0.50 over 3 years, -0.39 over 1 year and -0.40 over 5 years.
Is VXX a good diversifier for ANET?
Yes. With a correlation of -0.50, ANET and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.50 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/anet-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anet-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANET correlations · VXX correlations
