APLD vs VXX: Correlation
How closely do Applied Digital Corporation (APLD) 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 -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLD and VXX?
Across a 3-year window, the weekly returns of APLD and VXX correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -1658.0 %².
Out of 15 assets tracked against APLD, VXX lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with APLD ahead by 114.0 points (+64.3% versus -49.7%). Risk is not evenly split, since APLD carries 1.9 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.
APLD vs VXX: side by side
| APLD (Applied Digital Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +64.3% | -49.7% |
| 5-year return | +465.8% | -95.6% |
| Volatility (ann.) | 117.7% | 60.9% |
| Beta vs S&P 500 | 2.73 | -3.31 |
| Max drawdown (3Y) | -71.9% | -83.3% |
| Market cap | $7.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLD | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | +266.3% | -72.5% |
| 2024 | +13.4% | -26.2% |
| 2025 | +220.9% | -42.2% |
| 2026 | +11.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between APLD and VXX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.23 over the last year and -0.22 over 5 years.
Is VXX a good diversifier for APLD?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/apld-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apld-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APLD correlations · VXX correlations
