FOXA vs VXX: Correlation
Measured on weekly returns over the past three years, Fox Corporation (Class A) (FOXA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXA and VXX?
On 3 years of weekly data the FOXA/VXX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.21 over 3 years. The 5-year figure is -0.23, and annualized covariance runs at -371.0 %².
By 3-year correlation, VXX places #25 of the 33 assets tracked against FOXA. Their recent paths diverged sharply: over the last 12 months FOXA outperformed by 63.7 percentage points (+14.0% for FOXA against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.1 times the volatility of the other side.
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.
FOXA vs VXX: side by side
| FOXA (Fox Corporation (Class A)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.0% | -49.7% |
| 5-year return | +93.4% | -95.6% |
| Volatility (ann.) | 29.3% | 60.9% |
| Beta vs S&P 500 | 0.56 | -3.31 |
| Max drawdown (3Y) | -35.6% | -83.3% |
| Market cap | $28.3B | – |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 0.80% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOXA | VXX |
|---|---|---|
| 2022 | -16.6% | -23.8% |
| 2023 | -0.8% | -72.5% |
| 2024 | +66.3% | -26.2% |
| 2025 | +51.8% | -42.2% |
| 2026 | -7.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXA and VXX good diversifiers for each other?
Yes. With a correlation of -0.21, FOXA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FOXA and VXX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.03 over the last year and -0.23 over 5 years.
Is VXX a good diversifier for FOXA?
Yes. With a correlation of -0.21, FOXA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/foxa-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/foxa-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOXA correlations · VXX correlations
