ATLX vs VXX: Correlation
Atlas Lithium Corporation (ATLX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLX and VXX?
Over the past 3 years, ATLX and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.28). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1334.1 %².
Among the 13 assets we track against ATLX, VXX sits near the bottom by co-movement, at rank #13. On 12-month performance ATLX holds a 12.3-point edge, -37.4% against -49.7%.
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.
ATLX vs VXX: side by side
| ATLX (Atlas Lithium Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -37.4% | -49.7% |
| 5-year return | -55.9% | -95.6% |
| Volatility (ann.) | 79.3% | 60.9% |
| Beta vs S&P 500 | 1.64 | -3.31 |
| Max drawdown (3Y) | -92.3% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLX | VXX |
|---|---|---|
| 2022 | +16.7% | -23.8% |
| 2023 | +346.9% | -72.5% |
| 2024 | -79.8% | -26.2% |
| 2025 | -33.2% | -42.2% |
| 2026 | -21.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATLX and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.16 over the last year and -0.16 over 5 years.
Is VXX a good diversifier for ATLX?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/atlx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atlx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATLX correlations · VXX correlations
