EXPE vs VXX: Correlation
Measured on weekly returns over the past three years, Expedia Group (EXPE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and VXX?
Across a 3-year window, the weekly returns of EXPE and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.41). Stretching to 5 years gives -0.43, with an annualized covariance of -1067.9 %².
VXX is close to the least connected end of EXPE's tracked universe, ranking #32 of 33. The last year tells two different stories: EXPE led by 101.2 percentage points, +51.5% for EXPE 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.
EXPE vs VXX: side by side
| EXPE (Expedia Group) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +51.5% | -49.7% |
| 5-year return | +123.9% | -95.6% |
| Volatility (ann.) | 42.7% | 60.9% |
| Beta vs S&P 500 | 1.33 | -3.31 |
| Max drawdown (3Y) | -37.4% | -83.3% |
| Market cap | $38.3B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EXPE | VXX |
|---|---|---|
| 2022 | -51.5% | -23.8% |
| 2023 | +73.3% | -72.5% |
| 2024 | +22.8% | -26.2% |
| 2025 | +53.3% | -42.2% |
| 2026 | +13.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPE and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EXPE and VXX?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.07 over the last year and -0.43 over 5 years.
Is VXX a good diversifier for EXPE?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/expe-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/expe-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXPE correlations · VXX correlations
