DCI vs VXX: Correlation
Donaldson Company, Inc. (DCI) 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 -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCI and VXX?
Over the past 3 years, DCI and VXX moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.42). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -538.6 %².
Out of 15 assets tracked against DCI, VXX lands near the bottom at #14. The last year tells two different stories: DCI led by 63.7 percentage points, +14.0% for DCI against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DCI vs VXX: side by side
| DCI (Donaldson Company, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.0% | -49.7% |
| 5-year return | +44.4% | -95.6% |
| Volatility (ann.) | 21.0% | 60.9% |
| Beta vs S&P 500 | 0.74 | -3.31 |
| Max drawdown (3Y) | -26.0% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCI | VXX |
|---|---|---|
| 2022 | +1.0% | -23.8% |
| 2023 | +12.8% | -72.5% |
| 2024 | +4.6% | -26.2% |
| 2025 | +33.7% | -42.2% |
| 2026 | +5.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between DCI and VXX?
As of 2026-08-27, the correlation of weekly returns between DCI and VXX is -0.42 over 3 years, -0.17 over 1 year and -0.47 over 5 years.
Is VXX a good diversifier for DCI?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 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/dci-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dci-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DCI correlations · VXX correlations
