DBI vs VXX: Correlation
How closely do Designer Brands Inc. (DBI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBI and VXX?
Over the past 3 years, DBI and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -1623.0 %².
Out of 15 assets tracked against DBI, VXX lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with DBI ahead by 100.2 points (+50.5% 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.
DBI vs VXX: side by side
| DBI (Designer Brands Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +50.5% | -49.7% |
| 5-year return | -60.6% | -95.6% |
| Volatility (ann.) | 82.9% | 60.9% |
| Beta vs S&P 500 | 1.72 | -3.31 |
| Max drawdown (3Y) | -81.7% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 26.0 | – |
| Dividend yield | 3.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBI | VXX |
|---|---|---|
| 2022 | -30.1% | -23.8% |
| 2023 | -7.7% | -72.5% |
| 2024 | -38.0% | -26.2% |
| 2025 | +46.5% | -42.2% |
| 2026 | -25.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBI and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, DBI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DBI and VXX?
As of 2026-08-27, the correlation of weekly returns between DBI and VXX is -0.32 over 3 years, -0.28 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for DBI?
Yes. With a correlation of -0.32, DBI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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/dbi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DBI correlations · VXX correlations
