ARQQ vs VXX: Correlation
How closely do Arqit Quantum Inc. (ARQQ) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQQ and VXX?
Over the past 3 years, ARQQ and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -2460.9 %².
Among the 16 assets we track against ARQQ, VXX sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with ARQQ ahead by 20.3 points (-29.4% versus -49.7%). Risk is not evenly split, since ARQQ carries 2.2 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.
ARQQ vs VXX: side by side
| ARQQ (Arqit Quantum Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -29.4% | -49.7% |
| 5-year return | -91.4% | -95.6% |
| Volatility (ann.) | 135.6% | 60.9% |
| Beta vs S&P 500 | 3.18 | -3.31 |
| Max drawdown (3Y) | -86.7% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQQ | VXX |
|---|---|---|
| 2022 | -84.9% | -23.8% |
| 2023 | -86.9% | -72.5% |
| 2024 | +227.8% | -26.2% |
| 2025 | -43.7% | -42.2% |
| 2026 | -1.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQQ 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 ARQQ and VXX?
The ARQQ/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.32, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ARQQ?
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?
On the −1 to +1 scale, -0.30 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/arqq-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arqq-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARQQ correlations · VXX correlations
