ATMU vs VXX: Correlation
How closely do Atmus Filtration Technologies Inc. (ATMU) 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 -0.45, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMU and VXX?
On 3 years of weekly data the ATMU/VXX correlation comes out at -0.45, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.45). The 5-year figure is n/a, and annualized covariance runs at -877.9 %².
Among the 12 assets we track against ATMU, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months ATMU outperformed by 59.6 percentage points (+9.9% for ATMU against -49.7% for VXX). One caveat on sizing: VXX is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ATMU vs VXX: side by side
| ATMU (Atmus Filtration Technologies Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +9.9% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 32.4% | 60.9% |
| Beta vs S&P 500 | 1.02 | -3.31 |
| Max drawdown (3Y) | -30.2% | -83.3% |
| Market cap | $4.0B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 0.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATMU | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +67.3% | -26.2% |
| 2025 | +33.2% | -42.2% |
| 2026 | -5.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMU and VXX good diversifiers for each other?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ATMU and VXX?
As of 2026-08-27, the correlation of weekly returns between ATMU and VXX is -0.45 over 3 years, -0.17 over 1 year and n/a over 5 years.
Is VXX a good diversifier for ATMU?
Yes: at -0.45, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.45 mean?
A reading of -0.45 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/atmu-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atmu-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATMU correlations · VXX correlations
