DRVN vs VXX: Correlation
Driven Brands Holdings Inc. (DRVN) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRVN and VXX?
Over the past 3 years, DRVN and VXX moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.26). Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -675.7 %².
Among the 11 assets we track against DRVN, VXX sits near the bottom by co-movement, at rank #8. The last year tells two different stories: DRVN led by 18.5 percentage points, -31.2% for DRVN 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.
DRVN vs VXX: side by side
| DRVN (Driven Brands Holdings Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -31.2% | -49.7% |
| 5-year return | -57.4% | -95.6% |
| Volatility (ann.) | 43.3% | 60.9% |
| Beta vs S&P 500 | 0.77 | -3.31 |
| Max drawdown (3Y) | -46.4% | -83.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRVN | VXX |
|---|---|---|
| 2022 | -18.8% | -23.8% |
| 2023 | -47.8% | -72.5% |
| 2024 | +13.2% | -26.2% |
| 2025 | -8.2% | -42.2% |
| 2026 | -14.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRVN and VXX good diversifiers for each other?
Yes. With a correlation of -0.26, DRVN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DRVN and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.15 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for DRVN?
Yes. With a correlation of -0.26, DRVN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/drvn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/drvn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DRVN correlations · VXX correlations
