EQIX vs VXX: Correlation
Equinix (EQIX) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQIX and VXX?
On 3 years of weekly data the EQIX/VXX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.29 over 3 years. The 5-year figure is -0.31, and annualized covariance runs at -427.8 %².
Out of 30 assets tracked against EQIX, VXX lands near the bottom at #29. Their recent paths diverged sharply: over the last 12 months EQIX outperformed by 88.8 percentage points (+39.1% for EQIX against -49.7% for VXX). One caveat on sizing: VXX is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EQIX vs VXX: side by side
| EQIX (Equinix) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.1% | -49.7% |
| 5-year return | +41.6% | -95.6% |
| Volatility (ann.) | 24.4% | 60.9% |
| Beta vs S&P 500 | 0.63 | -3.31 |
| Max drawdown (3Y) | -24.6% | -83.3% |
| Market cap | $106.2B | – |
| P/E (trailing) | 69.4 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | EQIX | VXX |
|---|---|---|
| 2022 | -21.1% | -23.8% |
| 2023 | +25.4% | -72.5% |
| 2024 | +19.5% | -26.2% |
| 2025 | -16.9% | -42.2% |
| 2026 | +42.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQIX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQIX and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.08 over the last year and -0.31 over 5 years.
Is VXX a good diversifier for EQIX?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/eqix-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eqix-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EQIX correlations · VXX correlations
