AVNT vs VXX: Correlation
Avient Corporation (AVNT) 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 -0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and VXX?
Over the past 3 years, AVNT and VXX moved with a correlation of -0.50, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.27) runs above the 3-year figure (-0.50). Over 5 years the correlation is -0.46, and the annualized covariance of weekly returns is -1113.8 %².
VXX is close to the least connected end of AVNT's tracked universe, ranking #35 of 35. Correlation aside, the last 12 months split them widely, with AVNT ahead by 71.4 points (+21.7% versus -49.7%). Risk is not evenly split, since VXX carries 1.7 times the volatility of the other side.
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.
AVNT vs VXX: side by side
| AVNT (Avient Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.7% | -49.7% |
| 5-year return | -3.6% | -95.6% |
| Volatility (ann.) | 36.9% | 60.9% |
| Beta vs S&P 500 | 1.33 | -3.31 |
| Max drawdown (3Y) | -46.9% | -83.3% |
| Market cap | $4.1B | – |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 2.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | VXX |
|---|---|---|
| 2022 | -38.2% | -23.8% |
| 2023 | +26.4% | -72.5% |
| 2024 | +0.6% | -26.2% |
| 2025 | -21.2% | -42.2% |
| 2026 | +43.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and VXX good diversifiers for each other?
Yes. With a correlation of -0.50, AVNT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVNT and VXX?
As of 2026-08-27, the correlation of weekly returns between AVNT and VXX is -0.50 over 3 years, -0.27 over 1 year and -0.46 over 5 years.
Is VXX a good diversifier for AVNT?
Yes. With a correlation of -0.50, AVNT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.50 mean?
A reading of -0.50 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/avnt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVNT correlations · VXX correlations
