DOX vs VXX: Correlation
How closely do Amdocs Limited (DOX) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and VXX?
Over the past 3 years, DOX and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.27 over 3. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -348.1 %².
Among the 22 assets we track against DOX, VXX sits near the bottom by co-movement, at rank #21. The last year tells two different stories: DOX led by 24.1 percentage points, -25.6% for DOX against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DOX vs VXX: side by side
| DOX (Amdocs Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.6% | -49.7% |
| 5-year return | -8.4% | -95.6% |
| Volatility (ann.) | 21.3% | 60.9% |
| Beta vs S&P 500 | 0.54 | -3.31 |
| Max drawdown (3Y) | -45.5% | -83.3% |
| Market cap | $6.5B | – |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 3.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOX | VXX |
|---|---|---|
| 2022 | +23.8% | -23.8% |
| 2023 | -1.4% | -72.5% |
| 2024 | -0.9% | -26.2% |
| 2025 | -3.1% | -42.2% |
| 2026 | -20.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, DOX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DOX and VXX?
The DOX/VXX correlation stands at -0.27 on a 3-year window (1 year: -0.18, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for DOX?
Yes. With a correlation of -0.27, DOX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/dox-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dox-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOX correlations · VXX correlations
