GOOG vs VXX: Correlation
Alphabet Inc. (Class C) (GOOG) 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 GOOG and VXX?
On 3 years of weekly data the GOOG/VXX correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.42 over 1 year against -0.39 over 3. The 5-year figure is -0.39, and annualized covariance runs at -739.9 %².
Among the 36 assets we track against GOOG, VXX sits near the bottom by co-movement, at rank #35. Correlation aside, the last 12 months split them widely, with GOOG ahead by 112.4 points (+62.7% versus -49.7%). One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GOOG vs VXX: side by side
| GOOG (Alphabet Inc. (Class C)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +62.7% | -49.7% |
| 5-year return | +134.2% | -95.6% |
| Volatility (ann.) | 31.1% | 60.9% |
| Beta vs S&P 500 | 1.20 | -3.31 |
| Max drawdown (3Y) | -29.4% | -83.3% |
| Market cap | $4,130.2B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 0.25% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | GOOG | VXX |
|---|---|---|
| 2022 | -38.7% | -23.8% |
| 2023 | +58.8% | -72.5% |
| 2024 | +35.6% | -26.2% |
| 2025 | +65.4% | -42.2% |
| 2026 | +7.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOG 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 GOOG and VXX?
As of 2026-08-27, the correlation of weekly returns between GOOG and VXX is -0.39 over 3 years, -0.42 over 1 year and -0.39 over 5 years.
Is VXX a good diversifier for GOOG?
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/goog-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goog-vs-vxx/)
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Related comparisons
Hubs: GOOG correlations · VXX correlations
