DCBO vs VXX: Correlation
Docebo Inc. (DCBO) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCBO and VXX?
Over the past 3 years, DCBO and VXX moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.30). Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -832.6 %².
VXX is close to the least connected end of DCBO's tracked universe, ranking #11 of 12. The last year tells two different stories: DCBO led by 31.6 percentage points, -18.1% for DCBO 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.
DCBO vs VXX: side by side
| DCBO (Docebo Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.1% | -49.7% |
| 5-year return | -69.8% | -95.6% |
| Volatility (ann.) | 45.4% | 60.9% |
| Beta vs S&P 500 | 1.27 | -3.31 |
| Max drawdown (3Y) | -73.0% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 22.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCBO | VXX |
|---|---|---|
| 2022 | -50.8% | -23.8% |
| 2023 | +46.0% | -72.5% |
| 2024 | -7.5% | -26.2% |
| 2025 | -50.4% | -42.2% |
| 2026 | +14.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCBO and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DCBO and VXX?
As of 2026-08-27, the correlation of weekly returns between DCBO and VXX is -0.30 over 3 years, -0.07 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for DCBO?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/dcbo-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dcbo-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DCBO correlations · VXX correlations
