AUDC vs VXX: Correlation
Measured on weekly returns over the past three years, AudioCodes Ltd. (AUDC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUDC and VXX?
Across a 3-year window, the weekly returns of AUDC and VXX correlate at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.33). Stretching to 5 years gives -0.32, with an annualized covariance of -932.5 %².
VXX is close to the least connected end of AUDC's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months AUDC outperformed by 63.6 percentage points (+13.9% for AUDC 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.
AUDC vs VXX: side by side
| AUDC (AudioCodes Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.9% | -49.7% |
| 5-year return | -62.9% | -95.6% |
| Volatility (ann.) | 45.8% | 60.9% |
| Beta vs S&P 500 | 1.24 | -3.31 |
| Max drawdown (3Y) | -46.4% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUDC | VXX |
|---|---|---|
| 2022 | -47.8% | -23.8% |
| 2023 | -30.7% | -72.5% |
| 2024 | -16.8% | -26.2% |
| 2025 | -7.1% | -42.2% |
| 2026 | +22.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUDC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUDC and VXX?
As of 2026-08-27, the correlation of weekly returns between AUDC and VXX is -0.33 over 3 years, -0.13 over 1 year and -0.32 over 5 years.
Is VXX a good diversifier for AUDC?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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/audc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/audc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AUDC correlations · VXX correlations
