DXC vs VXX: Correlation
Measured on weekly returns over the past three years, DXC Technology Company (DXC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXC and VXX?
On 3 years of weekly data the DXC/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.40, and annualized covariance runs at -772.3 %².
Out of 16 assets tracked against DXC, VXX lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months DXC outperformed by 26.6 percentage points (-23.1% for DXC against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.6 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.
DXC vs VXX: side by side
| DXC (DXC Technology Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.1% | -49.7% |
| 5-year return | -69.7% | -95.6% |
| Volatility (ann.) | 39.0% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -67.2% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXC | VXX |
|---|---|---|
| 2022 | -17.7% | -23.8% |
| 2023 | -13.7% | -72.5% |
| 2024 | -12.6% | -26.2% |
| 2025 | -26.7% | -42.2% |
| 2026 | -24.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXC and VXX good diversifiers for each other?
Yes. With a correlation of -0.33, DXC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DXC and VXX?
As of 2026-08-27, the correlation of weekly returns between DXC and VXX is -0.33 over 3 years, -0.25 over 1 year and -0.40 over 5 years.
Is VXX a good diversifier for DXC?
Yes. With a correlation of -0.33, DXC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 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/dxc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dxc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXC correlations · VXX correlations
