ESCA vs VXX: Correlation
Escalade, Incorporated (ESCA) 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 ESCA and VXX?
Across a 3-year window, the weekly returns of ESCA and VXX correlate 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 -0.05 versus -0.29 over 3 years. Stretching to 5 years gives -0.29, with an annualized covariance of -635.5 %².
Out of 11 assets tracked against ESCA, VXX lands near the bottom at #10. The last year tells two different stories: ESCA led by 111.9 percentage points, +62.2% for ESCA against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.7 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.
ESCA vs VXX: side by side
| ESCA (Escalade, Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +62.2% | -49.7% |
| 5-year return | +6.6% | -95.6% |
| Volatility (ann.) | 36.5% | 60.9% |
| Beta vs S&P 500 | 0.59 | -3.31 |
| Max drawdown (3Y) | -42.7% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 3.03% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESCA | VXX |
|---|---|---|
| 2022 | -32.2% | -23.8% |
| 2023 | +104.0% | -72.5% |
| 2024 | -25.9% | -26.2% |
| 2025 | -1.5% | -42.2% |
| 2026 | +52.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESCA 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 ESCA and VXX?
As of 2026-08-27, the correlation of weekly returns between ESCA and VXX is -0.29 over 3 years, -0.05 over 1 year and -0.29 over 5 years.
Is VXX a good diversifier for ESCA?
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?
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/esca-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/esca-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ESCA correlations · VXX correlations
