DOCS vs VXX: Correlation
Measured on weekly returns over the past three years, Doximity, Inc. (DOCS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCS and VXX?
On 3 years of weekly data the DOCS/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.32 over 3 years. The 5-year figure is -0.28, and annualized covariance runs at -1174.7 %².
VXX is close to the least connected end of DOCS's tracked universe, ranking #13 of 15. Over the last 12 months VXX came out ahead by 12.7 percentage points (-62.4% against -49.7%).
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.
DOCS vs VXX: side by side
| DOCS (Doximity, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -62.4% | -49.7% |
| 5-year return | -69.1% | -95.6% |
| Volatility (ann.) | 59.8% | 60.9% |
| Beta vs S&P 500 | 1.53 | -3.31 |
| Max drawdown (3Y) | -78.3% | -83.3% |
| Market cap | $4.6B | – |
| P/E (trailing) | 29.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCS | VXX |
|---|---|---|
| 2022 | -33.1% | -23.8% |
| 2023 | -16.4% | -72.5% |
| 2024 | +90.4% | -26.2% |
| 2025 | -17.1% | -42.2% |
| 2026 | -42.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between DOCS and VXX?
As of 2026-08-27, the correlation of weekly returns between DOCS and VXX is -0.32 over 3 years, -0.19 over 1 year and -0.28 over 5 years.
Is VXX a good diversifier for DOCS?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/docs-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/docs-vs-vxx/)
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Related comparisons
Hubs: DOCS correlations · VXX correlations
