ATS vs VXX: Correlation
ATS Corporation (ATS) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATS and VXX?
Over the past 3 years, ATS and VXX moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -835.5 %².
Out of 10 assets tracked against ATS, VXX lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with ATS ahead by 21.2 points (-28.5% versus -49.7%). Note the risk asymmetry: VXX runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ATS vs VXX: side by side
| ATS (ATS Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -28.5% | -49.7% |
| 5-year return | -46.0% | -95.6% |
| Volatility (ann.) | 38.0% | 60.9% |
| Beta vs S&P 500 | 1.06 | -3.31 |
| Max drawdown (3Y) | -57.3% | -83.3% |
| Market cap | $1.9B | – |
| P/E (trailing) | 57.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATS | VXX |
|---|---|---|
| 2022 | -22.1% | -23.8% |
| 2023 | +39.2% | -72.5% |
| 2024 | -29.2% | -26.2% |
| 2025 | -9.6% | -42.2% |
| 2026 | -29.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATS and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, ATS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATS and VXX?
As of 2026-08-27, the correlation of weekly returns between ATS and VXX is -0.36 over 3 years, -0.26 over 1 year and -0.32 over 5 years.
Is VXX a good diversifier for ATS?
Yes. With a correlation of -0.36, ATS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ats-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ats-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATS correlations · VXX correlations
