ARCB vs VXX: Correlation
ArcBest Corporation (ARCB) 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 -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCB and VXX?
Over the past 3 years, ARCB and VXX moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.40 over 3 years. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -1143.2 %².
VXX is close to the least connected end of ARCB's tracked universe, ranking #17 of 18. The last year tells two different stories: ARCB led by 139.9 percentage points, +90.2% for ARCB 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.
ARCB vs VXX: side by side
| ARCB (ArcBest Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +90.2% | -49.7% |
| 5-year return | +107.2% | -95.6% |
| Volatility (ann.) | 46.8% | 60.9% |
| Beta vs S&P 500 | 1.33 | -3.31 |
| Max drawdown (3Y) | -62.4% | -83.3% |
| Market cap | $3.1B | – |
| P/E (trailing) | 198.7 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCB | VXX |
|---|---|---|
| 2022 | -41.2% | -23.8% |
| 2023 | +72.4% | -72.5% |
| 2024 | -22.1% | -26.2% |
| 2025 | -20.0% | -42.2% |
| 2026 | +88.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCB and VXX good diversifiers for each other?
Yes. With a correlation of -0.40, ARCB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARCB and VXX?
The ARCB/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.17, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ARCB?
Yes. With a correlation of -0.40, ARCB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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/arcb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARCB correlations · VXX correlations
