DKS vs VXX: Correlation
How closely do Dick's Sporting Goods Inc (DKS) 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 -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and VXX?
On 3 years of weekly data the DKS/VXX correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.18) runs above the 3-year figure (-0.39). The 5-year figure is -0.30, and annualized covariance runs at -1008.6 %².
VXX is close to the least connected end of DKS's tracked universe, ranking #17 of 18. The trailing year gives DKS the advantage: -40.3% versus -49.7%, a 9.4-point spread.
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.
DKS vs VXX: side by side
| DKS (Dick's Sporting Goods Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -40.3% | -49.7% |
| 5-year return | +8.3% | -95.6% |
| Volatility (ann.) | 41.9% | 60.9% |
| Beta vs S&P 500 | 1.33 | -3.31 |
| Max drawdown (3Y) | -48.5% | -83.3% |
| Market cap | $11.8B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DKS | VXX |
|---|---|---|
| 2022 | +6.6% | -23.8% |
| 2023 | +25.9% | -72.5% |
| 2024 | +58.9% | -26.2% |
| 2025 | -11.5% | -42.2% |
| 2026 | -32.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and VXX good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DKS and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.18 over the last year and -0.30 over 5 years.
Is VXX a good diversifier for DKS?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dks-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dks-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DKS correlations · VXX correlations
