DCTH vs VXX: Correlation
How closely do Delcath Systems, Inc. (DCTH) 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 -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCTH and VXX?
Over the past 3 years, DCTH and VXX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.33 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -1334.0 %².
Out of 10 assets tracked against DCTH, VXX lands near the bottom at #9. The last year tells two different stories: DCTH led by 99.5 percentage points, +49.8% for DCTH 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.
DCTH vs VXX: side by side
| DCTH (Delcath Systems, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +49.8% | -49.7% |
| 5-year return | +80.7% | -95.6% |
| Volatility (ann.) | 65.8% | 60.9% |
| Beta vs S&P 500 | 1.51 | -3.31 |
| Max drawdown (3Y) | -54.8% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 1639.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCTH | VXX |
|---|---|---|
| 2022 | -53.5% | -23.8% |
| 2023 | +15.6% | -72.5% |
| 2024 | +189.4% | -26.2% |
| 2025 | -16.1% | -42.2% |
| 2026 | +62.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCTH and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DCTH and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.18 over the last year and -0.18 over 5 years.
Is VXX a good diversifier for DCTH?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcth-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dcth-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DCTH correlations · VXX correlations
