DELL vs VXX: Correlation
Measured on weekly returns over the past three years, Dell Technologies (DELL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DELL and VXX?
Over the past 3 years, DELL and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.39). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -1456.2 %².
Out of 29 assets tracked against DELL, VXX lands near the bottom at #28. Their recent paths diverged sharply: over the last 12 months DELL outperformed by 310.7 percentage points (+261.0% for DELL 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.
DELL vs VXX: side by side
| DELL (Dell Technologies) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +261.0% | -49.7% |
| 5-year return | +945.0% | -95.6% |
| Volatility (ann.) | 61.3% | 60.9% |
| Beta vs S&P 500 | 2.02 | -3.31 |
| Max drawdown (3Y) | -59.6% | -83.3% |
| Market cap | $305.1B | – |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 0.48% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DELL | VXX |
|---|---|---|
| 2022 | -26.6% | -23.8% |
| 2023 | +95.9% | -72.5% |
| 2024 | +53.0% | -26.2% |
| 2025 | +11.2% | -42.2% |
| 2026 | +278.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DELL and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, DELL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DELL and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.22 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for DELL?
Yes. With a correlation of -0.39, DELL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
A reading of -0.39 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/dell-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dell-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DELL correlations · VXX correlations
