DPRO vs VXX: Correlation
Measured on weekly returns over the past three years, Draganfly Inc. (DPRO) 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 DPRO and VXX?
Across a 3-year window, the weekly returns of DPRO and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.23, with an annualized covariance of -1813.5 %².
VXX is close to the least connected end of DPRO's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months DPRO outperformed by 44.5 percentage points (-5.2% for DPRO against -49.7% for VXX). Note the risk asymmetry: DPRO runs 1.9 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.
DPRO vs VXX: side by side
| DPRO (Draganfly Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.2% | -49.7% |
| 5-year return | -93.9% | -95.6% |
| Volatility (ann.) | 118.7% | 60.9% |
| Beta vs S&P 500 | 2.21 | -3.31 |
| Max drawdown (3Y) | -92.7% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPRO | VXX |
|---|---|---|
| 2022 | -54.0% | -23.8% |
| 2023 | -36.0% | -72.5% |
| 2024 | -66.6% | -26.2% |
| 2025 | +72.3% | -42.2% |
| 2026 | -36.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPRO 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 DPRO and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.23 over the last year and -0.23 over 5 years.
Is VXX a good diversifier for DPRO?
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?
On the −1 to +1 scale, -0.25 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/dpro-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dpro-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DPRO correlations · VXX correlations
