DASH vs VXX: Correlation
DoorDash (DASH) 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 -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and VXX?
On 3 years of weekly data the DASH/VXX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is -0.35, and annualized covariance runs at -1003.5 %².
Among the 36 assets we track against DASH, VXX sits near the bottom by co-movement, at rank #34. Correlation aside, the last 12 months split them widely, with DASH ahead by 44.1 points (-5.6% versus -49.7%).
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.
DASH vs VXX: side by side
| DASH (DoorDash) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.6% | -49.7% |
| 5-year return | +20.3% | -95.6% |
| Volatility (ann.) | 44.1% | 60.9% |
| Beta vs S&P 500 | 1.73 | -3.31 |
| Max drawdown (3Y) | -48.0% | -83.3% |
| Market cap | $101.0B | – |
| P/E (trailing) | 123.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DASH | VXX |
|---|---|---|
| 2022 | -67.2% | -23.8% |
| 2023 | +102.6% | -72.5% |
| 2024 | +69.6% | -26.2% |
| 2025 | +35.0% | -42.2% |
| 2026 | +2.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DASH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between DASH and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.36 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for DASH?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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/dash-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dash-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DASH correlations · VXX correlations
