APH vs VXX: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.62, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and VXX?
Across a 3-year window, the weekly returns of APH and VXX correlate at -0.62, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.51 versus -0.62 over 3 years. Stretching to 5 years gives -0.58, with an annualized covariance of -1260.1 %².
Out of 38 assets tracked against APH, VXX lands near the bottom at #37. Correlation aside, the last 12 months split them widely, with APH ahead by 97.2 points (+47.5% versus -49.7%). Note the risk asymmetry: VXX runs 1.8 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.
APH vs VXX: side by side
| APH (Amphenol) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +47.5% | -49.7% |
| 5-year return | +338.9% | -95.6% |
| Volatility (ann.) | 33.6% | 60.9% |
| Beta vs S&P 500 | 1.57 | -3.31 |
| Max drawdown (3Y) | -28.2% | -83.3% |
| Market cap | $199.0B | – |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | APH | VXX |
|---|---|---|
| 2022 | -12.0% | -23.8% |
| 2023 | +31.5% | -72.5% |
| 2024 | +41.3% | -26.2% |
| 2025 | +96.1% | -42.2% |
| 2026 | +19.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and VXX good diversifiers for each other?
Yes. With a correlation of -0.62, APH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APH and VXX?
Using weekly returns as of 2026-08-27: -0.62 over 3 years, with -0.51 over the last year and -0.58 over 5 years.
Is VXX a good diversifier for APH?
Yes. With a correlation of -0.62, APH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.62 mean?
A reading of -0.62 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/aph-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aph-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APH correlations · VXX correlations
