ASTI vs VXX: Correlation
Ascent Solar Technologies, Inc (ASTI) 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 -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTI and VXX?
Across a 3-year window, the weekly returns of ASTI and VXX correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.23 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -1989.1 %².
VXX is close to the least connected end of ASTI's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months ASTI outperformed by 97.8 percentage points (+48.1% for ASTI against -49.7% for VXX). Risk is not evenly split, since ASTI carries 2.3 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.
ASTI vs VXX: side by side
| ASTI (Ascent Solar Technologies, Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +48.1% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 141.9% | 60.9% |
| Beta vs S&P 500 | 2.60 | -3.31 |
| Max drawdown (3Y) | -99.9% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTI | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | -99.7% | -72.5% |
| 2024 | -96.2% | -26.2% |
| 2025 | +25.7% | -42.2% |
| 2026 | -24.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASTI and VXX?
The ASTI/VXX correlation stands at -0.23 on a 3-year window (1 year: -0.37, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ASTI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/asti-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asti-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASTI correlations · VXX correlations
