DIOD vs VXX: Correlation
How closely do Diodes Incorporated (DIOD) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIOD and VXX?
Across a 3-year window, the weekly returns of DIOD and VXX correlate at -0.44, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.32 versus -0.44 over 3 years. Stretching to 5 years gives -0.41, with an annualized covariance of -1359.7 %².
Out of 25 assets tracked against DIOD, VXX lands near the bottom at #25. Their recent paths diverged sharply: over the last 12 months DIOD outperformed by 111.4 percentage points (+61.7% for DIOD 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.
DIOD vs VXX: side by side
| DIOD (Diodes Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +61.7% | -49.7% |
| 5-year return | -7.4% | -95.6% |
| Volatility (ann.) | 50.3% | 60.9% |
| Beta vs S&P 500 | 1.84 | -3.31 |
| Max drawdown (3Y) | -60.1% | -83.3% |
| Market cap | $4.2B | – |
| P/E (trailing) | 48.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIOD | VXX |
|---|---|---|
| 2022 | -30.7% | -23.8% |
| 2023 | +5.8% | -72.5% |
| 2024 | -23.4% | -26.2% |
| 2025 | -20.0% | -42.2% |
| 2026 | +84.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIOD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between DIOD and VXX?
Using weekly returns as of 2026-08-27: -0.44 over 3 years, with -0.32 over the last year and -0.41 over 5 years.
Is VXX a good diversifier for DIOD?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 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/diod-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/diod-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DIOD correlations · VXX correlations
