ANRO vs VXX: Correlation
How closely do Alto Neuroscience, Inc. (ANRO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANRO and VXX?
On 3 years of weekly data the ANRO/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.26 over 3. The 5-year figure is n/a, and annualized covariance runs at -1833.4 %².
Among the 16 assets we track against ANRO, VXX sits near the bottom by co-movement, at rank #14. The last year tells two different stories: ANRO led by 830.8 percentage points, +781.1% for ANRO against -49.7% for VXX. Note the risk asymmetry: ANRO runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ANRO vs VXX: side by side
| ANRO (Alto Neuroscience, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +781.1% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 113.2% | 60.9% |
| Beta vs S&P 500 | 1.90 | -3.31 |
| Max drawdown (3Y) | -91.7% | -83.3% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANRO | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | +320.8% | -42.2% |
| 2026 | +103.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANRO and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANRO and VXX?
As of 2026-08-27, the correlation of weekly returns between ANRO and VXX is -0.26 over 3 years, -0.18 over 1 year and n/a over 5 years.
Is VXX a good diversifier for ANRO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/anro-vs-vxx.json
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[](https://www.pairbook.io/pair/anro-vs-vxx/)
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Related comparisons
Hubs: ANRO correlations · VXX correlations
