ATRO vs VXX: Correlation
How closely do Astronics Corporation (ATRO) 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 -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATRO and VXX?
Across a 3-year window, the weekly returns of ATRO and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.32 over 3. Stretching to 5 years gives -0.29, with an annualized covariance of -905.3 %².
VXX is close to the least connected end of ATRO's tracked universe, ranking #11 of 11. The last year tells two different stories: ATRO led by 217.2 percentage points, +167.5% for ATRO 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.
ATRO vs VXX: side by side
| ATRO (Astronics Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +167.5% | -49.7% |
| 5-year return | +623.9% | -95.6% |
| Volatility (ann.) | 47.1% | 60.9% |
| Beta vs S&P 500 | 1.07 | -3.31 |
| Max drawdown (3Y) | -33.3% | -83.3% |
| Market cap | $3.4B | – |
| P/E (trailing) | 42.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATRO | VXX |
|---|---|---|
| 2022 | -14.2% | -23.8% |
| 2023 | +69.1% | -72.5% |
| 2024 | -8.4% | -26.2% |
| 2025 | +239.8% | -42.2% |
| 2026 | +80.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATRO and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATRO and VXX?
The ATRO/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.34, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ATRO?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atro-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atro-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATRO correlations · VXX correlations
