EBAY vs VXX: Correlation
Measured on weekly returns over the past three years, eBay Inc. (EBAY) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and VXX?
Over the past 3 years, EBAY and VXX moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.30) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -317.0 %².
VXX is close to the least connected end of EBAY's tracked universe, ranking #31 of 33. Their recent paths diverged sharply: over the last 12 months EBAY outperformed by 60.3 percentage points (+10.6% for EBAY against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.1 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.
EBAY vs VXX: side by side
| EBAY (eBay Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.6% | -49.7% |
| 5-year return | +43.9% | -95.6% |
| Volatility (ann.) | 28.9% | 60.9% |
| Beta vs S&P 500 | 0.58 | -3.31 |
| Max drawdown (3Y) | -20.7% | -83.3% |
| Market cap | $45.5B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EBAY | VXX |
|---|---|---|
| 2022 | -36.5% | -23.8% |
| 2023 | +7.7% | -72.5% |
| 2024 | +44.8% | -26.2% |
| 2025 | +42.7% | -42.2% |
| 2026 | +18.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBAY and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between EBAY and VXX?
As of 2026-08-27, the correlation of weekly returns between EBAY and VXX is -0.18 over 3 years, -0.30 over 1 year and -0.28 over 5 years.
Is VXX a good diversifier for EBAY?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/ebay-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ebay-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EBAY correlations · VXX correlations
