DLB vs VXX: Correlation
Measured on weekly returns over the past three years, Dolby Laboratories (DLB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLB and VXX?
Across a 3-year window, the weekly returns of DLB and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.36). Stretching to 5 years gives -0.35, with an annualized covariance of -565.3 %².
Among the 12 assets we track against DLB, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months DLB outperformed by 37.4 percentage points (-12.3% for DLB against -49.7% for VXX). One caveat on sizing: VXX is 2.3 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.
DLB vs VXX: side by side
| DLB (Dolby Laboratories) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -12.3% | -49.7% |
| 5-year return | -31.8% | -95.6% |
| Volatility (ann.) | 26.0% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -43.2% | -83.3% |
| Market cap | $5.8B | – |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 2.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLB | VXX |
|---|---|---|
| 2022 | -24.9% | -23.8% |
| 2023 | +23.8% | -72.5% |
| 2024 | -7.9% | -26.2% |
| 2025 | -16.3% | -42.2% |
| 2026 | -1.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLB and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, DLB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DLB and VXX?
The DLB/VXX correlation stands at -0.36 on a 3-year window (1 year: -0.14, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for DLB?
Yes. With a correlation of -0.36, DLB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/dlb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dlb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DLB correlations · VXX correlations
