DDOG vs VXX: Correlation
Datadog (DDOG) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDOG and VXX?
Across a 3-year window, the weekly returns of DDOG and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.25). Stretching to 5 years gives -0.27, with an annualized covariance of -822.9 %².
Among the 30 assets we track against DDOG, VXX sits near the bottom by co-movement, at rank #27. The last year tells two different stories: DDOG led by 134.1 percentage points, +84.4% for DDOG 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.
DDOG vs VXX: side by side
| DDOG (Datadog) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +84.4% | -49.7% |
| 5-year return | +77.8% | -95.6% |
| Volatility (ann.) | 54.6% | 60.9% |
| Beta vs S&P 500 | 1.37 | -3.31 |
| Max drawdown (3Y) | -48.6% | -83.3% |
| Market cap | $87.2B | – |
| P/E (trailing) | 458.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DDOG | VXX |
|---|---|---|
| 2022 | -58.7% | -23.8% |
| 2023 | +65.1% | -72.5% |
| 2024 | +17.7% | -26.2% |
| 2025 | -4.8% | -42.2% |
| 2026 | +78.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDOG and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, DDOG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DDOG and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.04 over the last year and -0.27 over 5 years.
Is VXX a good diversifier for DDOG?
Yes. With a correlation of -0.25, DDOG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/ddog-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ddog-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DDOG correlations · VXX correlations
