AVPT vs VXX: Correlation
AvePoint, Inc. (AVPT) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and VXX?
Across a 3-year window, the weekly returns of AVPT and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -799.7 %².
Among the 25 assets we track against AVPT, VXX sits near the bottom by co-movement, at rank #23. Correlation aside, the last 12 months split them widely, with AVPT ahead by 40.2 points (-9.5% versus -49.7%).
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.
AVPT vs VXX: side by side
| AVPT (AvePoint, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.5% | -49.7% |
| 5-year return | +57.7% | -95.6% |
| Volatility (ann.) | 41.3% | 60.9% |
| Beta vs S&P 500 | 1.18 | -3.31 |
| Max drawdown (3Y) | -55.0% | -83.3% |
| Market cap | $3.0B | – |
| P/E (trailing) | 42.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVPT | VXX |
|---|---|---|
| 2022 | -34.7% | -23.8% |
| 2023 | +99.8% | -72.5% |
| 2024 | +101.1% | -26.2% |
| 2025 | -15.9% | -42.2% |
| 2026 | +3.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and VXX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVPT and VXX?
The AVPT/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.24, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AVPT?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
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/avpt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avpt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVPT correlations · VXX correlations
