DSL vs VXX: Correlation
DoubleLine Income Solutions Fund (DSL) 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 -0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and VXX?
Across a 3-year window, the weekly returns of DSL and VXX correlate at -0.55, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.61) sits close to the 3-year figure. Stretching to 5 years gives -0.46, with an annualized covariance of -407.6 %².
VXX is close to the least connected end of DSL's tracked universe, ranking #29 of 30. Their recent paths diverged sharply: over the last 12 months DSL outperformed by 46.0 percentage points (-3.7% for DSL against -49.7% for VXX). Risk is not evenly split, since VXX carries 5.0 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.
DSL vs VXX: side by side
| DSL (DoubleLine Income Solutions Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.7% | -49.7% |
| 5-year return | +5.8% | -95.6% |
| Volatility (ann.) | 12.2% | 60.9% |
| Beta vs S&P 500 | 0.49 | -3.31 |
| Max drawdown (3Y) | -13.5% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | 33.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | VXX |
|---|---|---|
| 2022 | -22.6% | -23.8% |
| 2023 | +23.4% | -72.5% |
| 2024 | +14.0% | -26.2% |
| 2025 | -0.0% | -42.2% |
| 2026 | +2.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and VXX good diversifiers for each other?
Yes: at -0.55, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DSL and VXX?
Using weekly returns as of 2026-08-27: -0.55 over 3 years, with -0.61 over the last year and -0.46 over 5 years.
Is VXX a good diversifier for DSL?
Yes: at -0.55, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.55 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/dsl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSL correlations · VXX correlations
