DOCU vs VXX: Correlation
How closely do DocuSign, Inc. (DOCU) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCU and VXX?
Over the past 3 years, DOCU and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.29). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -850.6 %².
Among the 13 assets we track against DOCU, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: DOCU led by 35.1 percentage points, -14.6% for DOCU 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.
DOCU vs VXX: side by side
| DOCU (DocuSign, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.6% | -49.7% |
| 5-year return | -79.0% | -95.6% |
| Volatility (ann.) | 48.0% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -61.0% | -83.3% |
| Market cap | $12.2B | – |
| P/E (trailing) | 41.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOCU | VXX |
|---|---|---|
| 2022 | -63.6% | -23.8% |
| 2023 | +7.3% | -72.5% |
| 2024 | +51.3% | -26.2% |
| 2025 | -23.9% | -42.2% |
| 2026 | -6.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCU and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between DOCU and VXX?
The DOCU/VXX correlation stands at -0.29 on a 3-year window (1 year: -0.16, 5 years: -0.31), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for DOCU?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: DOCU correlations · VXX correlations
