DNP vs VXX: Correlation
Measured on weekly returns over the past three years, DNP Select Income Fund, Inc. (DNP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNP and VXX?
Across a 3-year window, the weekly returns of DNP and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.25). Stretching to 5 years gives -0.27, with an annualized covariance of -199.2 %².
Out of 10 assets tracked against DNP, VXX lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with DNP ahead by 68.5 points (+18.8% versus -49.7%). Risk is not evenly split, since VXX carries 4.6 times the volatility of the other side.
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.
DNP vs VXX: side by side
| DNP (DNP Select Income Fund, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +18.8% | -49.7% |
| 5-year return | +47.1% | -95.6% |
| Volatility (ann.) | 13.3% | 60.9% |
| Beta vs S&P 500 | 0.28 | -3.31 |
| Max drawdown (3Y) | -16.2% | -83.3% |
| Market cap | $4.1B | – |
| P/E (trailing) | 5.9 | – |
| Dividend yield | 7.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNP | VXX |
|---|---|---|
| 2022 | +11.0% | -23.8% |
| 2023 | -18.6% | -72.5% |
| 2024 | +13.4% | -26.2% |
| 2025 | +22.6% | -42.2% |
| 2026 | +14.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNP and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between DNP and VXX?
As of 2026-08-27, the correlation of weekly returns between DNP and VXX is -0.25 over 3 years, -0.13 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for DNP?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/dnp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DNP correlations · VXX correlations
