DAL vs VXX: Correlation
Delta Air Lines (DAL) 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 -0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAL and VXX?
Across a 3-year window, the weekly returns of DAL and VXX correlate at -0.45, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.41 over 1 year against -0.45 over 3. Stretching to 5 years gives -0.43, with an annualized covariance of -1019.5 %².
Out of 33 assets tracked against DAL, VXX lands near the bottom at #33. Correlation aside, the last 12 months split them widely, with DAL ahead by 83.6 points (+33.9% 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.
DAL vs VXX: side by side
| DAL (Delta Air Lines) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.9% | -49.7% |
| 5-year return | +110.6% | -95.6% |
| Volatility (ann.) | 37.1% | 60.9% |
| Beta vs S&P 500 | 1.17 | -3.31 |
| Max drawdown (3Y) | -47.9% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DAL | VXX |
|---|---|---|
| 2022 | -15.9% | -23.8% |
| 2023 | +23.0% | -72.5% |
| 2024 | +52.0% | -26.2% |
| 2025 | +16.1% | -42.2% |
| 2026 | +17.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAL and VXX good diversifiers for each other?
Yes. With a correlation of -0.45, DAL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DAL and VXX?
As of 2026-08-27, the correlation of weekly returns between DAL and VXX is -0.45 over 3 years, -0.41 over 1 year and -0.43 over 5 years.
Is VXX a good diversifier for DAL?
Yes. With a correlation of -0.45, DAL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dal-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dal-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DAL correlations · VXX correlations
