AOSL vs VXX: Correlation
How closely do Alpha and Omega Semiconductor Limited (AOSL) 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 -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOSL and VXX?
Across a 3-year window, the weekly returns of AOSL and VXX correlate at -0.42, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.42 over 3 years. Stretching to 5 years gives -0.40, with an annualized covariance of -1763.3 %².
Among the 16 assets we track against AOSL, VXX sits near the bottom by co-movement, at rank #16. The last year tells two different stories: AOSL led by 38.3 percentage points, -11.4% for AOSL 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.
AOSL vs VXX: side by side
| AOSL (Alpha and Omega Semiconductor Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -11.4% | -49.7% |
| 5-year return | -9.2% | -95.6% |
| Volatility (ann.) | 69.3% | 60.9% |
| Beta vs S&P 500 | 2.34 | -3.31 |
| Max drawdown (3Y) | -66.9% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOSL | VXX |
|---|---|---|
| 2022 | -52.8% | -23.8% |
| 2023 | -8.8% | -72.5% |
| 2024 | +42.1% | -26.2% |
| 2025 | -46.5% | -42.2% |
| 2026 | +32.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOSL and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, AOSL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AOSL and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.26 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for AOSL?
Yes. With a correlation of -0.42, AOSL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 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/aosl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aosl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOSL correlations · VXX correlations
