ASLE vs VXX: Correlation
Measured on weekly returns over the past three years, AerSale Corporation (ASLE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASLE and VXX?
Across a 3-year window, the weekly returns of ASLE and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.55) than the 3-year average (-0.34). Stretching to 5 years gives -0.30, with an annualized covariance of -998.8 %².
Out of 12 assets tracked against ASLE, VXX lands near the bottom at #12. On 12-month performance ASLE holds a 14.1-point edge, -35.6% against -49.7%.
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.
ASLE vs VXX: side by side
| ASLE (AerSale Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -35.6% | -49.7% |
| 5-year return | -57.7% | -95.6% |
| Volatility (ann.) | 48.5% | 60.9% |
| Beta vs S&P 500 | 0.91 | -3.31 |
| Max drawdown (3Y) | -72.2% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASLE | VXX |
|---|---|---|
| 2022 | -8.6% | -23.8% |
| 2023 | -21.7% | -72.5% |
| 2024 | -50.4% | -26.2% |
| 2025 | +12.9% | -42.2% |
| 2026 | -20.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASLE and VXX good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASLE and VXX?
As of 2026-08-27, the correlation of weekly returns between ASLE and VXX is -0.34 over 3 years, -0.55 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for ASLE?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asle-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asle-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASLE correlations · VXX correlations
