DYAI vs VXX: Correlation
How closely do Dyadic International, Inc. (DYAI) 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 -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DYAI and VXX?
Over the past 3 years, DYAI and VXX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -946.0 %².
VXX is close to the least connected end of DYAI's tracked universe, ranking #8 of 10. The last year tells two different stories: DYAI led by 18.4 percentage points, -31.3% for DYAI 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.
DYAI vs VXX: side by side
| DYAI (Dyadic International, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -31.3% | -49.7% |
| 5-year return | -90.1% | -95.6% |
| Volatility (ann.) | 74.7% | 60.9% |
| Beta vs S&P 500 | 1.16 | -3.31 |
| Max drawdown (3Y) | -71.8% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DYAI | VXX |
|---|---|---|
| 2022 | -72.8% | -23.8% |
| 2023 | +30.9% | -72.5% |
| 2024 | +8.7% | -26.2% |
| 2025 | -46.3% | -42.2% |
| 2026 | -32.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DYAI and VXX good diversifiers for each other?
Yes. With a correlation of -0.21, DYAI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DYAI and VXX?
The DYAI/VXX correlation stands at -0.21 on a 3-year window (1 year: -0.28, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for DYAI?
Yes. With a correlation of -0.21, DYAI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/dyai-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dyai-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DYAI correlations · VXX correlations
