DCO vs VXX: Correlation
Ducommun Incorporated (DCO) 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 -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCO and VXX?
Across a 3-year window, the weekly returns of DCO and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.25 versus -0.41 over 3 years. Stretching to 5 years gives -0.37, with an annualized covariance of -744.4 %².
Among the 12 assets we track against DCO, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months DCO outperformed by 149.2 percentage points (+99.5% for DCO against -49.7% for VXX). One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DCO vs VXX: side by side
| DCO (Ducommun Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +99.5% | -49.7% |
| 5-year return | +248.0% | -95.6% |
| Volatility (ann.) | 30.0% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -23.5% | -83.3% |
| Market cap | $2.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCO | VXX |
|---|---|---|
| 2022 | +6.8% | -23.8% |
| 2023 | +4.2% | -72.5% |
| 2024 | +22.3% | -26.2% |
| 2025 | +49.4% | -42.2% |
| 2026 | +93.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCO and VXX good diversifiers for each other?
Yes. With a correlation of -0.41, DCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DCO and VXX?
As of 2026-08-27, the correlation of weekly returns between DCO and VXX is -0.41 over 3 years, -0.25 over 1 year and -0.37 over 5 years.
Is VXX a good diversifier for DCO?
Yes. With a correlation of -0.41, DCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/dco-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dco-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DCO correlations · VXX correlations
