ATEN vs VXX: Correlation
How closely do A10 Networks, Inc. (ATEN) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEN and VXX?
On 3 years of weekly data the ATEN/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.34 over 3 years. The 5-year figure is -0.29, and annualized covariance runs at -711.8 %².
Out of 14 assets tracked against ATEN, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ATEN outperformed by 106.3 percentage points (+56.6% for ATEN against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.8 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.
ATEN vs VXX: side by side
| ATEN (A10 Networks, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.6% | -49.7% |
| 5-year return | +106.4% | -95.6% |
| Volatility (ann.) | 34.0% | 60.9% |
| Beta vs S&P 500 | 0.89 | -3.31 |
| Max drawdown (3Y) | -33.9% | -83.3% |
| Market cap | $2.0B | – |
| P/E (trailing) | 44.3 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEN | VXX |
|---|---|---|
| 2022 | +1.7% | -23.8% |
| 2023 | -19.4% | -72.5% |
| 2024 | +42.1% | -26.2% |
| 2025 | -2.6% | -42.2% |
| 2026 | +53.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEN 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 ATEN and VXX?
The ATEN/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.04, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ATEN?
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/aten-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aten-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATEN correlations · VXX correlations
