FROG vs VXX: Correlation
JFrog Ltd. (FROG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FROG and VXX?
Over the past 3 years, FROG and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -837.3 %².
VXX is close to the least connected end of FROG's tracked universe, ranking #13 of 15. Correlation aside, the last 12 months split them widely, with FROG ahead by 162.0 points (+112.3% versus -49.7%).
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.
FROG vs VXX: side by side
| FROG (JFrog Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +112.3% | -49.7% |
| 5-year return | +167.6% | -95.6% |
| Volatility (ann.) | 56.8% | 60.9% |
| Beta vs S&P 500 | 1.24 | -3.31 |
| Max drawdown (3Y) | -49.6% | -83.3% |
| Market cap | $12.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FROG | VXX |
|---|---|---|
| 2022 | -28.2% | -23.8% |
| 2023 | +62.3% | -72.5% |
| 2024 | -15.0% | -26.2% |
| 2025 | +112.4% | -42.2% |
| 2026 | +66.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FROG and VXX good diversifiers for each other?
Yes. With a correlation of -0.24, FROG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FROG and VXX?
As of 2026-08-27, the correlation of weekly returns between FROG and VXX is -0.24 over 3 years, -0.07 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for FROG?
Yes. With a correlation of -0.24, FROG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/frog-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frog-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FROG correlations · VXX correlations
