ASTS vs VXZ: Correlation
AST SpaceMobile, Inc. (ASTS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTS and VXZ?
Over the past 3 years, ASTS and VXZ moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -633.1 %².
VXZ is close to the least connected end of ASTS's tracked universe, ranking #11 of 11. The last year tells two different stories: ASTS led by 43.4 percentage points, +27.3% for ASTS against -16.1% for VXZ. Note the risk asymmetry: ASTS runs 4.7 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.
ASTS vs VXZ: side by side
| ASTS (AST SpaceMobile, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.3% | -16.1% |
| 5-year return | +397.1% | -53.1% |
| Volatility (ann.) | 119.4% | 25.6% |
| Beta vs S&P 500 | 1.92 | -1.31 |
| Max drawdown (3Y) | -68.4% | -36.4% |
| Market cap | $23.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTS | VXZ |
|---|---|---|
| 2022 | -39.3% | +0.5% |
| 2023 | +25.1% | -44.0% |
| 2024 | +249.9% | -12.7% |
| 2025 | +244.2% | +5.7% |
| 2026 | -15.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTS and VXZ good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASTS and VXZ?
The ASTS/VXZ correlation stands at -0.21 on a 3-year window (1 year: -0.14, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ASTS?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asts-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asts-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASTS correlations · VXZ correlations
