DY vs VXX: Correlation
How closely do Dycom Industries, Inc. (DY) 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 -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DY and VXX?
Across a 3-year window, the weekly returns of DY and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Stretching to 5 years gives -0.30, with an annualized covariance of -849.5 %².
VXX is close to the least connected end of DY's tracked universe, ranking #11 of 11. The last year tells two different stories: DY led by 70.2 percentage points, +20.5% for DY 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.
DY vs VXX: side by side
| DY (Dycom Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.5% | -49.7% |
| 5-year return | +304.3% | -95.6% |
| Volatility (ann.) | 43.4% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -42.4% | -83.3% |
| Market cap | $9.3B | – |
| P/E (trailing) | 28.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DY | VXX |
|---|---|---|
| 2022 | -0.2% | -23.8% |
| 2023 | +23.0% | -72.5% |
| 2024 | +51.2% | -26.2% |
| 2025 | +94.1% | -42.2% |
| 2026 | -8.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DY and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, DY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DY and VXX?
The DY/VXX correlation stands at -0.32 on a 3-year window (1 year: -0.23, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for DY?
Yes. With a correlation of -0.32, DY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/dy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dy-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DY correlations · VXX correlations
