DOCN vs VXX: Correlation
DigitalOcean Holdings, Inc. (DOCN) 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 DOCN and VXX?
Over the past 3 years, DOCN and VXX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.33). Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -1305.4 %².
VXX is close to the least connected end of DOCN's tracked universe, ranking #16 of 16. The last year tells two different stories: DOCN led by 325.7 percentage points, +276.0% for DOCN against -49.7% for VXX.
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.
DOCN vs VXX: side by side
| DOCN (DigitalOcean Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +276.0% | -49.7% |
| 5-year return | +95.5% | -95.6% |
| Volatility (ann.) | 64.8% | 60.9% |
| Beta vs S&P 500 | 1.71 | -3.31 |
| Max drawdown (3Y) | -44.9% | -83.3% |
| Market cap | $14.3B | – |
| P/E (trailing) | 52.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCN | VXX |
|---|---|---|
| 2022 | -68.3% | -23.8% |
| 2023 | +44.1% | -72.5% |
| 2024 | -7.1% | -26.2% |
| 2025 | +41.2% | -42.2% |
| 2026 | +152.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCN and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DOCN and VXX?
The DOCN/VXX correlation stands at -0.33 on a 3-year window (1 year: -0.01, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for DOCN?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/docn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/docn-vs-vxx/)
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Related comparisons
Hubs: DOCN correlations · VXX correlations
