ATEN vs VXZ: Correlation
Measured on weekly returns over the past three years, A10 Networks, Inc. (ATEN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEN and VXZ?
On 3 years of weekly data the ATEN/VXZ correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.38). The 5-year figure is -0.33, and annualized covariance runs at -327.6 %².
Out of 14 assets tracked against ATEN, VXZ lands near the bottom at #14. The last year tells two different stories: ATEN led by 72.7 percentage points, +56.6% for ATEN against -16.1% for VXZ.
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 VXZ: side by side
| ATEN (A10 Networks, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.6% | -16.1% |
| 5-year return | +106.4% | -53.1% |
| Volatility (ann.) | 34.0% | 25.6% |
| Beta vs S&P 500 | 0.89 | -1.31 |
| Max drawdown (3Y) | -33.9% | -36.4% |
| Market cap | $2.0B | – |
| P/E (trailing) | 44.3 | – |
| Dividend yield | 0.93% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEN | VXZ |
|---|---|---|
| 2022 | +1.7% | +0.5% |
| 2023 | -19.4% | -44.0% |
| 2024 | +42.1% | -12.7% |
| 2025 | -2.6% | +5.7% |
| 2026 | +53.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEN and VXZ good diversifiers for each other?
Yes. With a correlation of -0.38, ATEN and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATEN and VXZ?
As of 2026-08-27, the correlation of weekly returns between ATEN and VXZ is -0.38 over 3 years, -0.15 over 1 year and -0.33 over 5 years.
Is VXZ a good diversifier for ATEN?
Yes. With a correlation of -0.38, ATEN and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/aten-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aten-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATEN correlations · VXZ correlations
