EYE vs VXX: Correlation
Measured on weekly returns over the past three years, National Vision Holdings, Inc. (EYE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EYE and VXX?
On 3 years of weekly data the EYE/VXX correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.23 over 3 years. The 5-year figure is -0.19, and annualized covariance runs at -732.3 %².
VXX is close to the least connected end of EYE's tracked universe, ranking #8 of 10. The last year tells two different stories: EYE led by 23.0 percentage points, -26.7% for EYE 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.
EYE vs VXX: side by side
| EYE (National Vision Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -26.7% | -49.7% |
| 5-year return | -69.8% | -95.6% |
| Volatility (ann.) | 52.1% | 60.9% |
| Beta vs S&P 500 | 0.86 | -3.31 |
| Max drawdown (3Y) | -59.3% | -83.3% |
| Market cap | $1.4B | – |
| P/E (trailing) | 30.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EYE | VXX |
|---|---|---|
| 2022 | -19.2% | -23.8% |
| 2023 | -46.0% | -72.5% |
| 2024 | -50.2% | -26.2% |
| 2025 | +147.8% | -42.2% |
| 2026 | -30.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EYE and VXX good diversifiers for each other?
Yes. With a correlation of -0.23, EYE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EYE and VXX?
As of 2026-08-27, the correlation of weekly returns between EYE and VXX is -0.23 over 3 years, -0.04 over 1 year and -0.19 over 5 years.
Is VXX a good diversifier for EYE?
Yes. With a correlation of -0.23, EYE and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/eye-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eye-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EYE correlations · VXX correlations
