DE vs VXX: Correlation
Measured on weekly returns over the past three years, Deere & Company (DE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and VXX?
On 3 years of weekly data the DE/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.32 over 3 years. The 5-year figure is -0.28, and annualized covariance runs at -519.0 %².
Out of 33 assets tracked against DE, VXX lands near the bottom at #32. Correlation aside, the last 12 months split them widely, with DE ahead by 77.6 points (+27.9% versus -49.7%). Risk is not evenly split, since VXX carries 2.3 times the volatility of the other side.
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.
DE vs VXX: side by side
| DE (Deere & Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.9% | -49.7% |
| 5-year return | +74.5% | -95.6% |
| Volatility (ann.) | 26.7% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -19.9% | -83.3% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | VXX |
|---|---|---|
| 2022 | +26.6% | -23.8% |
| 2023 | -5.5% | -72.5% |
| 2024 | +7.6% | -26.2% |
| 2025 | +11.4% | -42.2% |
| 2026 | +34.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, DE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DE and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.08 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for DE?
Yes. With a correlation of -0.32, DE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/de-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/de-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DE correlations · VXX correlations
