EXTR vs VXX: Correlation
How closely do Extreme Networks, Inc. (EXTR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXTR and VXX?
Over the past 3 years, EXTR and VXX moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.23) than the 3-year average (-0.42). Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -1179.2 %².
Among the 11 assets we track against EXTR, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: EXTR led by 57.7 percentage points, +8.0% for EXTR 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.
EXTR vs VXX: side by side
| EXTR (Extreme Networks, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +8.0% | -49.7% |
| 5-year return | +112.0% | -95.6% |
| Volatility (ann.) | 46.3% | 60.9% |
| Beta vs S&P 500 | 1.23 | -3.31 |
| Max drawdown (3Y) | -61.5% | -83.3% |
| Market cap | $3.0B | – |
| P/E (trailing) | 72.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXTR | VXX |
|---|---|---|
| 2022 | +16.6% | -23.8% |
| 2023 | -3.7% | -72.5% |
| 2024 | -5.1% | -26.2% |
| 2025 | -0.5% | -42.2% |
| 2026 | +39.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXTR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between EXTR and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.23 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for EXTR?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
A reading of -0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/extr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/extr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXTR correlations · VXX correlations
