AROC vs VXX: Correlation
How closely do Archrock, Inc. (AROC) 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 -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AROC and VXX?
Across a 3-year window, the weekly returns of AROC and VXX correlate at -0.44, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.44 over 3 years. Stretching to 5 years gives -0.36, with an annualized covariance of -975.5 %².
Out of 17 assets tracked against AROC, VXX lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months AROC outperformed by 84.1 percentage points (+34.4% for AROC against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.7 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.
AROC vs VXX: side by side
| AROC (Archrock, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +34.4% | -49.7% |
| 5-year return | +420.1% | -95.6% |
| Volatility (ann.) | 36.3% | 60.9% |
| Beta vs S&P 500 | 0.87 | -3.31 |
| Max drawdown (3Y) | -30.3% | -83.3% |
| Market cap | $5.6B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 2.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AROC | VXX |
|---|---|---|
| 2022 | +28.8% | -23.8% |
| 2023 | +81.0% | -72.5% |
| 2024 | +67.6% | -26.2% |
| 2025 | +8.0% | -42.2% |
| 2026 | +25.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AROC and VXX good diversifiers for each other?
Yes. With a correlation of -0.44, AROC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AROC and VXX?
The AROC/VXX correlation stands at -0.44 on a 3-year window (1 year: 0.01, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AROC?
Yes. With a correlation of -0.44, AROC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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/aroc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aroc-vs-vxx/)
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Related comparisons
Hubs: AROC correlations · VXX correlations
