These quantities ($\alpha$ and $\beta$) are not random variables, so I hesitate to speak of their Pearson correlation; I'm not sure in what sense that would apply.
The two are negatively related in the sense that, reasonably generally speaking (but see below*) - and holding other things (like sample size and the effect size at which you compute $\beta$) equal - if you change $\alpha$, then $\beta$ will move the opposite direction (specifically, in typical situations, $\beta$ is a function of $\alpha$; specify enough quantities to determine $\beta$ and it will depend on $\alpha$ -- and that relationship will, in most reasonable situations - the kind you'd want to use in an actual test - be negatively dependent).
Consider, for example, some power curve. Moving $\alpha$ will push the power curve ($1-\beta$) up or down with it, so $\beta$ at some point on the curve (which is the distance between the curve and 1) decreases as $\alpha$ increases. Here's an example with a two-tailed test (say a t-test).
The one-tailed case is similar, but you'd focus on the right-half of the above picture (the two curves in the left half of the picture would tail down toward zero)
* there are some situations where this doesn't have to be the case. Consider testing for a uniform(0,1) via a Kolmogorov-Smirnov test.
Let's consider the possibility that instead we have a uniform on $(0,1+\epsilon)$ $^\dagger$ (or indeed, any distribution with some probability outside the unit interval).
If I observe a value that doesn't lie in (0,1), the Kolmogorov-Smirnov test doesn't necessarily reject the null. But I can make a second test, (let's call it the KS* test), which is like the Kolmogorov-Smirnov, except that when we observe a value outside (0,1) we also reject the null whether or not the usual statistic reaches the critical value.
Then for any alternative which has any probability outside (0,1) we have reduced the Type II error rate (from that for the ordinary KS test) without changing $\alpha$ at all.
$\dagger$ (it's not typically a great idea to use a K-S in that case, so if you know it's a possibility, you need to think carefully about alternatives)