DAN vs VXX: Correlation
Measured on weekly returns over the past three years, Dana Incorporated (DAN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAN and VXX?
Over the past 3 years, DAN and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.22 versus -0.39 over 3 years. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -1068.7 %².
Among the 10 assets we track against DAN, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: DAN led by 98.6 percentage points, +48.9% for DAN 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.
DAN vs VXX: side by side
| DAN (Dana Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +48.9% | -49.7% |
| 5-year return | +45.6% | -95.6% |
| Volatility (ann.) | 44.7% | 60.9% |
| Beta vs S&P 500 | 1.11 | -3.31 |
| Max drawdown (3Y) | -51.8% | -83.3% |
| Market cap | $3.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAN | VXX |
|---|---|---|
| 2022 | -32.1% | -23.8% |
| 2023 | -0.7% | -72.5% |
| 2024 | -17.9% | -26.2% |
| 2025 | +110.5% | -42.2% |
| 2026 | +28.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAN and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, DAN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DAN and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.22 over the last year and -0.42 over 5 years.
Is VXX a good diversifier for DAN?
Yes. With a correlation of -0.39, DAN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 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/dan-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dan-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DAN correlations · VXX correlations
