ARKK vs VXX: Correlation
ARK Innovation ETF (ARKK) 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 -0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and VXX?
Over the past 3 years, ARKK and VXX moved with a correlation of -0.64, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.52) than the 3-year average (-0.64). Over 5 years the correlation is -0.54, and the annualized covariance of weekly returns is -1514.0 %².
VXX is close to the least connected end of ARKK's tracked universe, ranking #121 of 122. Correlation aside, the last 12 months split them widely, with ARKK ahead by 65.4 points (+15.7% versus -49.7%). Risk is not evenly split, since VXX carries 1.6 times the volatility of the other side.
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.
ARKK vs VXX: side by side
| ARKK (ARK Innovation ETF) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.7% | -49.7% |
| 5-year return | -27.7% | -95.6% |
| Volatility (ann.) | 38.8% | 60.9% |
| Beta vs S&P 500 | 2.07 | -3.31 |
| Max drawdown (3Y) | -39.6% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | VXX |
|---|---|---|
| 2022 | -67.0% | -23.8% |
| 2023 | +69.0% | -72.5% |
| 2024 | +8.4% | -26.2% |
| 2025 | +35.5% | -42.2% |
| 2026 | +13.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.64 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARKK and VXX?
Using weekly returns as of 2026-08-27: -0.64 over 3 years, with -0.52 over the last year and -0.54 over 5 years.
Is VXX a good diversifier for ARKK?
By historical standards, yes. A correlation of -0.64 means the two rarely move for the same reasons.
What does a correlation of -0.64 mean?
A reading of -0.64 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/arkk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · VXX correlations
