ASTE vs VXX: Correlation
Astec Industries, Inc. (ASTE) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTE and VXX?
Across a 3-year window, the weekly returns of ASTE and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.31 over 3. Stretching to 5 years gives -0.37, with an annualized covariance of -850.5 %².
Among the 13 assets we track against ASTE, VXX sits near the bottom by co-movement, at rank #13. The last year tells two different stories: ASTE led by 43.8 percentage points, -5.9% for ASTE against -49.7% for VXX.
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.
ASTE vs VXX: side by side
| ASTE (Astec Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.9% | -49.7% |
| 5-year return | -23.7% | -95.6% |
| Volatility (ann.) | 45.5% | 60.9% |
| Beta vs S&P 500 | 0.95 | -3.31 |
| Max drawdown (3Y) | -47.0% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 52.6 | – |
| Dividend yield | 1.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTE | VXX |
|---|---|---|
| 2022 | -40.6% | -23.8% |
| 2023 | -7.3% | -72.5% |
| 2024 | -8.4% | -26.2% |
| 2025 | +30.6% | -42.2% |
| 2026 | +2.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTE and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, ASTE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASTE and VXX?
As of 2026-08-27, the correlation of weekly returns between ASTE and VXX is -0.31 over 3 years, -0.26 over 1 year and -0.37 over 5 years.
Is VXX a good diversifier for ASTE?
Yes. With a correlation of -0.31, ASTE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/aste-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aste-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASTE correlations · VXX correlations
