FUN vs VXX: Correlation
Six Flags Entertainment Corporation (FUN) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUN and VXX?
On 3 years of weekly data the FUN/VXX correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.46 over 1 year against -0.39 over 3. The 5-year figure is -0.31, and annualized covariance runs at -1157.4 %².
Among the 12 assets we track against FUN, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: FUN led by 17.0 percentage points, -32.7% for FUN 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.
FUN vs VXX: side by side
| FUN (Six Flags Entertainment Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -32.7% | -49.7% |
| 5-year return | -61.4% | -95.6% |
| Volatility (ann.) | 49.2% | 60.9% |
| Beta vs S&P 500 | 1.35 | -3.31 |
| Max drawdown (3Y) | -77.7% | -83.3% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUN | VXX |
|---|---|---|
| 2022 | -16.2% | -23.8% |
| 2023 | -1.0% | -72.5% |
| 2024 | +22.8% | -26.2% |
| 2025 | -68.2% | -42.2% |
| 2026 | +4.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between FUN and VXX?
As of 2026-08-27, the correlation of weekly returns between FUN and VXX is -0.39 over 3 years, -0.46 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for FUN?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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/fun-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fun-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FUN correlations · VXX correlations
