APTV vs VXX: Correlation
Aptiv (APTV) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and VXX?
Across a 3-year window, the weekly returns of APTV and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Stretching to 5 years gives -0.36, with an annualized covariance of -688.1 %².
VXX is close to the least connected end of APTV's tracked universe, ranking #33 of 33. Over the last 12 months APTV came out ahead by 6.5 percentage points (-43.2% against -49.7%). Note the risk asymmetry: VXX runs 1.6 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.
APTV vs VXX: side by side
| APTV (Aptiv) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -43.2% | -49.7% |
| 5-year return | -70.3% | -95.6% |
| Volatility (ann.) | 37.7% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -56.5% | -83.3% |
| Market cap | $9.4B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | APTV | VXX |
|---|---|---|
| 2022 | -43.5% | -23.8% |
| 2023 | -3.7% | -72.5% |
| 2024 | -32.6% | -26.2% |
| 2025 | +25.8% | -42.2% |
| 2026 | -40.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APTV and VXX?
The APTV/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.21, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for APTV?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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/aptv-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aptv-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APTV correlations · VXX correlations
