ABNB vs VXX: Correlation
How closely do Airbnb (ABNB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and VXX?
Across a 3-year window, the weekly returns of ABNB and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. Stretching to 5 years gives -0.38, with an annualized covariance of -882.4 %².
Among the 32 assets we track against ABNB, VXX sits near the bottom by co-movement, at rank #30. Correlation aside, the last 12 months split them widely, with ABNB ahead by 91.7 points (+42.0% versus -49.7%). One caveat on sizing: VXX is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ABNB vs VXX: side by side
| ABNB (Airbnb) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +42.0% | -49.7% |
| 5-year return | +18.2% | -95.6% |
| Volatility (ann.) | 35.2% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -37.2% | -83.3% |
| Market cap | $110.4B | – |
| P/E (trailing) | 42.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | ABNB | VXX |
|---|---|---|
| 2022 | -48.6% | -23.8% |
| 2023 | +59.2% | -72.5% |
| 2024 | -3.5% | -26.2% |
| 2025 | +3.3% | -42.2% |
| 2026 | +35.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABNB and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABNB and VXX?
The ABNB/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.38, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ABNB?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/abnb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abnb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABNB correlations · VXX correlations
