ATLC vs VXX: Correlation
Measured on weekly returns over the past three years, Atlanticus Holdings Corporation (ATLC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLC and VXX?
Over the past 3 years, ATLC and VXX moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.46 over 3 years. Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -1391.4 %².
Out of 13 assets tracked against ATLC, VXX lands near the bottom at #13. The last year tells two different stories: ATLC led by 90.1 percentage points, +40.4% for ATLC 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.
ATLC vs VXX: side by side
| ATLC (Atlanticus Holdings Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +40.4% | -49.7% |
| 5-year return | +58.2% | -95.6% |
| Volatility (ann.) | 49.7% | 60.9% |
| Beta vs S&P 500 | 1.55 | -3.31 |
| Max drawdown (3Y) | -39.5% | -83.3% |
| Market cap | $1.4B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLC | VXX |
|---|---|---|
| 2022 | -63.3% | -23.8% |
| 2023 | +47.6% | -72.5% |
| 2024 | +44.2% | -26.2% |
| 2025 | +20.0% | -42.2% |
| 2026 | +39.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLC and VXX good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ATLC and VXX?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.27 over the last year and -0.44 over 5 years.
Is VXX a good diversifier for ATLC?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.46 mean?
A reading of -0.46 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/atlc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atlc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATLC correlations · VXX correlations
