AOS vs VXX: Correlation
How closely do A. O. Smith (AOS) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and VXX?
On 3 years of weekly data the AOS/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. The 5-year figure is -0.37, and annualized covariance runs at -479.1 %².
Out of 33 assets tracked against AOS, VXX lands near the bottom at #33. Their recent paths diverged sharply: over the last 12 months AOS outperformed by 37.1 percentage points (-12.6% for AOS against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.6 times the volatility of the other side.
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.
AOS vs VXX: side by side
| AOS (A. O. Smith) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.6% | -49.7% |
| 5-year return | -6.7% | -95.6% |
| Volatility (ann.) | 23.5% | 60.9% |
| Beta vs S&P 500 | 0.67 | -3.31 |
| Max drawdown (3Y) | -36.9% | -83.3% |
| Market cap | $8.4B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AOS | VXX |
|---|---|---|
| 2022 | -32.1% | -23.8% |
| 2023 | +46.7% | -72.5% |
| 2024 | -15.9% | -26.2% |
| 2025 | +0.1% | -42.2% |
| 2026 | -5.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and VXX good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AOS and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.28 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for AOS?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
A reading of -0.34 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/aos-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aos-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOS correlations · VXX correlations
