DRI vs VXX: Correlation
Darden Restaurants (DRI) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRI and VXX?
On 3 years of weekly data the DRI/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.27 over 3. The 5-year figure is -0.32, and annualized covariance runs at -415.3 %².
Out of 34 assets tracked against DRI, VXX lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months DRI outperformed by 55.3 percentage points (+5.6% for DRI against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.4 times the volatility of the other side.
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.
DRI vs VXX: side by side
| DRI (Darden Restaurants) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.6% | -49.7% |
| 5-year return | +66.1% | -95.6% |
| Volatility (ann.) | 25.2% | 60.9% |
| Beta vs S&P 500 | 0.52 | -3.31 |
| Max drawdown (3Y) | -23.9% | -83.3% |
| Market cap | $24.0B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 2.74% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DRI | VXX |
|---|---|---|
| 2022 | -4.8% | -23.8% |
| 2023 | +22.8% | -72.5% |
| 2024 | +17.7% | -26.2% |
| 2025 | +1.6% | -42.2% |
| 2026 | +17.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRI and VXX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DRI and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.33 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for DRI?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/dri-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dri-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DRI correlations · VXX correlations
