ASUR vs VXX: Correlation
How closely do Asure Software Inc (ASUR) 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 -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASUR and VXX?
Over the past 3 years, ASUR and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -698.0 %².
Among the 10 assets we track against ASUR, VXX sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months ASUR outperformed by 56.7 percentage points (+7.0% for ASUR 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.
ASUR vs VXX: side by side
| ASUR (Asure Software Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.0% | -49.7% |
| 5-year return | +0.4% | -95.6% |
| Volatility (ann.) | 47.0% | 60.9% |
| Beta vs S&P 500 | 1.16 | -3.31 |
| Max drawdown (3Y) | -45.8% | -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 | ASUR | VXX |
|---|---|---|
| 2022 | +19.3% | -23.8% |
| 2023 | +1.9% | -72.5% |
| 2024 | -1.2% | -26.2% |
| 2025 | +0.1% | -42.2% |
| 2026 | -4.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASUR and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, ASUR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASUR and VXX?
The ASUR/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.22, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ASUR?
Yes. With a correlation of -0.24, ASUR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/asur-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asur-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASUR correlations · VXX correlations
