GOLF vs VXX: Correlation
Measured on weekly returns over the past three years, Acushnet Holdings Corp. (GOLF) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLF and VXX?
Across a 3-year window, the weekly returns of GOLF and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.36). Stretching to 5 years gives -0.35, with an annualized covariance of -643.3 %².
Out of 13 assets tracked against GOLF, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months GOLF outperformed by 59.8 percentage points (+10.1% for GOLF 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.
GOLF vs VXX: side by side
| GOLF (Acushnet Holdings Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.1% | -49.7% |
| 5-year return | +77.9% | -95.6% |
| Volatility (ann.) | 29.1% | 60.9% |
| Beta vs S&P 500 | 0.77 | -3.31 |
| Max drawdown (3Y) | -28.3% | -83.3% |
| Market cap | $5.0B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOLF | VXX |
|---|---|---|
| 2022 | -18.7% | -23.8% |
| 2023 | +51.0% | -72.5% |
| 2024 | +14.0% | -26.2% |
| 2025 | +13.7% | -42.2% |
| 2026 | +7.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLF and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, GOLF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GOLF and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.15 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for GOLF?
Yes. With a correlation of -0.36, GOLF and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
A reading of -0.36 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/golf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/golf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOLF correlations · VXX correlations
