ETSY vs VXX: Correlation
Etsy, Inc. (ETSY) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETSY and VXX?
On 3 years of weekly data the ETSY/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.25). The 5-year figure is -0.27, and annualized covariance runs at -703.0 %².
Among the 12 assets we track against ETSY, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months ETSY outperformed by 102.1 percentage points (+52.4% for ETSY 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.
ETSY vs VXX: side by side
| ETSY (Etsy, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.4% | -49.7% |
| 5-year return | -61.9% | -95.6% |
| Volatility (ann.) | 46.0% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -53.1% | -83.3% |
| Market cap | $7.6B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETSY | VXX |
|---|---|---|
| 2022 | -45.3% | -23.8% |
| 2023 | -32.3% | -72.5% |
| 2024 | -34.7% | -26.2% |
| 2025 | +4.8% | -42.2% |
| 2026 | +49.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETSY and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, ETSY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ETSY and VXX?
The ETSY/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.37, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ETSY?
Yes. With a correlation of -0.25, ETSY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/etsy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etsy-vs-vxx/)
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Related comparisons
Hubs: ETSY correlations · VXX correlations
