DGII vs VXX: Correlation
Measured on weekly returns over the past three years, Digi International Inc. (DGII) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGII and VXX?
Across a 3-year window, the weekly returns of DGII and VXX correlate at -0.40, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.22 versus -0.40 over 3 years. Stretching to 5 years gives -0.40, with an annualized covariance of -987.4 %².
Out of 10 assets tracked against DGII, VXX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months DGII outperformed by 175.7 percentage points (+126.0% for DGII against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DGII vs VXX: side by side
| DGII (Digi International Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +126.0% | -49.7% |
| 5-year return | +253.2% | -95.6% |
| Volatility (ann.) | 40.0% | 60.9% |
| Beta vs S&P 500 | 1.26 | -3.31 |
| Max drawdown (3Y) | -35.2% | -83.3% |
| Market cap | $2.9B | – |
| P/E (trailing) | 60.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGII | VXX |
|---|---|---|
| 2022 | +48.8% | -23.8% |
| 2023 | -28.9% | -72.5% |
| 2024 | +16.3% | -26.2% |
| 2025 | +43.2% | -42.2% |
| 2026 | +78.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGII and VXX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DGII and VXX?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.22 over the last year and -0.40 over 5 years.
Is VXX a good diversifier for DGII?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dgii-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgii-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DGII correlations · VXX correlations
