FIVN vs VXX: Correlation
Measured on weekly returns over the past three years, Five9, Inc. (FIVN) 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 FIVN and VXX?
Over the past 3 years, FIVN and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.27) than the 3-year average (-0.41). Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -1384.5 %².
VXX is close to the least connected end of FIVN's tracked universe, ranking #23 of 23. The last year tells two different stories: FIVN led by 77.7 percentage points, +28.0% for FIVN 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.
FIVN vs VXX: side by side
| FIVN (Five9, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +28.0% | -49.7% |
| 5-year return | -81.3% | -95.6% |
| Volatility (ann.) | 55.7% | 60.9% |
| Beta vs S&P 500 | 1.84 | -3.31 |
| Max drawdown (3Y) | -84.1% | -83.3% |
| Market cap | $2.6B | – |
| P/E (trailing) | 46.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIVN | VXX |
|---|---|---|
| 2022 | -50.6% | -23.8% |
| 2023 | +16.0% | -72.5% |
| 2024 | -48.4% | -26.2% |
| 2025 | -50.7% | -42.2% |
| 2026 | +72.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between FIVN and VXX?
As of 2026-08-27, the correlation of weekly returns between FIVN and VXX is -0.41 over 3 years, -0.27 over 1 year and -0.37 over 5 years.
Is VXX a good diversifier for FIVN?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
A reading of -0.41 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/fivn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fivn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIVN correlations · VXX correlations
