DJCO vs VXX: Correlation
Daily Journal Corp. (S.C.) (DJCO) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJCO and VXX?
Across a 3-year window, the weekly returns of DJCO and VXX correlate at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.14) than the 3-year average (-0.33). Stretching to 5 years gives -0.29, with an annualized covariance of -796.1 %².
Out of 11 assets tracked against DJCO, VXX lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with DJCO ahead by 84.8 points (+35.1% versus -49.7%). 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.
DJCO vs VXX: side by side
| DJCO (Daily Journal Corp. (S.C.)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +35.1% | -49.7% |
| 5-year return | +91.2% | -95.6% |
| Volatility (ann.) | 39.6% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -38.0% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJCO | VXX |
|---|---|---|
| 2022 | -29.8% | -23.8% |
| 2023 | +36.1% | -72.5% |
| 2024 | +66.7% | -26.2% |
| 2025 | -14.2% | -42.2% |
| 2026 | +29.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJCO and VXX good diversifiers for each other?
Yes. With a correlation of -0.33, DJCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DJCO and VXX?
As of 2026-08-27, the correlation of weekly returns between DJCO and VXX is -0.33 over 3 years, -0.14 over 1 year and -0.29 over 5 years.
Is VXX a good diversifier for DJCO?
Yes. With a correlation of -0.33, DJCO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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/djco-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/djco-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DJCO correlations · VXX correlations
