DLTR vs VXX: Correlation
Dollar Tree (DLTR) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and VXX?
Across a 3-year window, the weekly returns of DLTR and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -668.1 %².
Out of 32 assets tracked against DLTR, VXX lands near the bottom at #31. Correlation aside, the last 12 months split them widely, with DLTR ahead by 62.2 points (+12.5% versus -49.7%). One caveat on sizing: VXX is 1.6 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.
DLTR vs VXX: side by side
| DLTR (Dollar Tree) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.5% | -49.7% |
| 5-year return | +39.7% | -95.6% |
| Volatility (ann.) | 37.3% | 60.9% |
| Beta vs S&P 500 | 0.70 | -3.31 |
| Max drawdown (3Y) | -59.2% | -83.3% |
| Market cap | $23.8B | – |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | DLTR | VXX |
|---|---|---|
| 2022 | +0.7% | -23.8% |
| 2023 | +0.4% | -72.5% |
| 2024 | -47.2% | -26.2% |
| 2025 | +64.1% | -42.2% |
| 2026 | +3.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DLTR and VXX?
As of 2026-08-27, the correlation of weekly returns between DLTR and VXX is -0.29 over 3 years, -0.30 over 1 year and -0.22 over 5 years.
Is VXX a good diversifier for DLTR?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/dltr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dltr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DLTR correlations · VXX correlations
