DIA vs VXX: Correlation
SPDR Dow Jones Industrial Average ETF (DIA) 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 -0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and VXX?
Across a 3-year window, the weekly returns of DIA and VXX correlate at -0.73, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.73) sits close to the 3-year figure. Stretching to 5 years gives -0.67, with an annualized covariance of -580.1 %².
VXX is close to the least connected end of DIA's tracked universe, ranking #115 of 116. The last year tells two different stories: DIA led by 68.9 percentage points, +19.2% for DIA against -49.7% for VXX. One caveat on sizing: VXX is 4.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DIA vs VXX: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.2% | -49.7% |
| 5-year return | +64.8% | -95.6% |
| Volatility (ann.) | 13.0% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -16.0% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.37% | 0.00% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
DIA, State Street Investment Management's Large Value fund, carries $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | VXX |
|---|---|---|
| 2022 | -7.0% | -23.8% |
| 2023 | +16.0% | -72.5% |
| 2024 | +14.8% | -26.2% |
| 2025 | +14.7% | -42.2% |
| 2026 | +12.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.73 means the two rarely move for the same reasons.
FAQ
What is the correlation between DIA and VXX?
The DIA/VXX correlation stands at -0.73 on a 3-year window (1 year: -0.73, 5 years: -0.67), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for DIA?
By historical standards, yes. A correlation of -0.73 means the two rarely move for the same reasons.
What does a correlation of -0.73 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/dia-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dia-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DIA correlations · VXX correlations
