FDUS vs VXX: Correlation
Measured on weekly returns over the past three years, Fidus Investment Corporation - Closed End Fund (FDUS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDUS and VXX?
Across a 3-year window, the weekly returns of FDUS and VXX correlate at -0.50, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.36 versus -0.50 over 3 years. Stretching to 5 years gives -0.40, with an annualized covariance of -536.4 %².
Among the 21 assets we track against FDUS, VXX sits near the bottom by co-movement, at rank #20. Correlation aside, the last 12 months split them widely, with FDUS ahead by 53.4 points (+3.7% versus -49.7%). One caveat on sizing: VXX is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FDUS vs VXX: side by side
| FDUS (Fidus Investment Corporation - Closed End Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.7% | -49.7% |
| 5-year return | +100.3% | -95.6% |
| Volatility (ann.) | 17.5% | 60.9% |
| Beta vs S&P 500 | 0.57 | -3.31 |
| Max drawdown (3Y) | -23.9% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 8.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FDUS | VXX |
|---|---|---|
| 2022 | +17.1% | -23.8% |
| 2023 | +20.0% | -72.5% |
| 2024 | +20.5% | -26.2% |
| 2025 | +2.1% | -42.2% |
| 2026 | +8.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDUS and VXX good diversifiers for each other?
Yes. With a correlation of -0.50, FDUS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FDUS and VXX?
The FDUS/VXX correlation stands at -0.50 on a 3-year window (1 year: -0.36, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FDUS?
Yes. With a correlation of -0.50, FDUS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.50 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/fdus-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdus-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FDUS correlations · VXX correlations
