AYA vs VXX: Correlation
Measured on weekly returns over the past three years, Aya Gold & Silver Inc. (AYA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYA and VXX?
On 3 years of weekly data the AYA/VXX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.29 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -1313.4 %².
VXX is close to the least connected end of AYA's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months AYA outperformed by 262.3 percentage points (+212.6% for AYA 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.
AYA vs VXX: side by side
| AYA (Aya Gold & Silver Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +212.6% | -49.7% |
| 5-year return | +267.0% | -95.6% |
| Volatility (ann.) | 73.7% | 60.9% |
| Beta vs S&P 500 | 1.95 | -3.31 |
| Max drawdown (3Y) | -56.1% | -83.3% |
| Market cap | $4.2B | – |
| P/E (trailing) | 36.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AYA | VXX |
|---|---|---|
| 2022 | -11.0% | -23.8% |
| 2023 | +10.4% | -72.5% |
| 2024 | +2.0% | -26.2% |
| 2025 | +92.4% | -42.2% |
| 2026 | +103.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYA and VXX good diversifiers for each other?
Yes. With a correlation of -0.29, AYA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AYA and VXX?
The AYA/VXX correlation stands at -0.29 on a 3-year window (1 year: -0.46, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for AYA?
Yes. With a correlation of -0.29, AYA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/aya-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aya-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AYA correlations · VXX correlations
