DSGX vs VXX: Correlation
How closely do The Descartes Systems Group Inc. (DSGX) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and VXX?
On 3 years of weekly data the DSGX/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.31 over 3 years. The 5-year figure is -0.32, and annualized covariance runs at -590.5 %².
VXX is close to the least connected end of DSGX's tracked universe, ranking #24 of 26. Their recent paths diverged sharply: over the last 12 months DSGX outperformed by 30.6 percentage points (-19.1% for DSGX against -49.7% for VXX). Note the risk asymmetry: VXX 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.
DSGX vs VXX: side by side
| DSGX (The Descartes Systems Group Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.1% | -49.7% |
| 5-year return | +3.6% | -95.6% |
| Volatility (ann.) | 31.5% | 60.9% |
| Beta vs S&P 500 | 0.86 | -3.31 |
| Max drawdown (3Y) | -48.7% | -83.3% |
| Market cap | $6.9B | – |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGX | VXX |
|---|---|---|
| 2022 | -15.8% | -23.8% |
| 2023 | +20.7% | -72.5% |
| 2024 | +35.1% | -26.2% |
| 2025 | -22.8% | -42.2% |
| 2026 | -8.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, DSGX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DSGX and VXX?
As of 2026-08-27, the correlation of weekly returns between DSGX and VXX is -0.31 over 3 years, -0.04 over 1 year and -0.32 over 5 years.
Is VXX a good diversifier for DSGX?
Yes. With a correlation of -0.31, DSGX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/dsgx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsgx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSGX correlations · VXX correlations
