ONT vs VXX: Correlation
Measured on weekly returns over the past three years, Onterris, Inc. (ONT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONT and VXX?
Over the past 3 years, ONT and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.31). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -1188.9 %².
Among the 13 assets we track against ONT, VXX sits near the bottom by co-movement, at rank #13. Twelve-month performance is nearly a tie, at -45.6% for ONT and -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.
ONT vs VXX: side by side
| ONT (Onterris, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -45.6% | -49.7% |
| 5-year return | -66.3% | -95.6% |
| Volatility (ann.) | 63.4% | 60.9% |
| Beta vs S&P 500 | 1.17 | -3.31 |
| Max drawdown (3Y) | -78.4% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONT | VXX |
|---|---|---|
| 2022 | -37.0% | -23.8% |
| 2023 | -27.6% | -72.5% |
| 2024 | -42.3% | -26.2% |
| 2025 | +33.9% | -42.2% |
| 2026 | -34.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONT and VXX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ONT and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.17 over the last year and -0.31 over 5 years.
Is VXX a good diversifier for ONT?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/ont-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ont-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ONT correlations · VXX correlations
