GOOGL vs VXX: Correlation
Measured on weekly returns over the past three years, Alphabet Inc. (Class A) (GOOGL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and VXX?
On 3 years of weekly data the GOOGL/VXX correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.43 lands near the 3-year figure. The 5-year figure is -0.39, and annualized covariance runs at -751.1 %².
VXX is close to the least connected end of GOOGL's tracked universe, ranking #36 of 37. Correlation aside, the last 12 months split them widely, with GOOGL ahead by 114.4 points (+64.7% versus -49.7%). Risk is not evenly split, since VXX carries 1.9 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.
GOOGL vs VXX: side by side
| GOOGL (Alphabet Inc. (Class A)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +64.7% | -49.7% |
| 5-year return | +137.7% | -95.6% |
| Volatility (ann.) | 31.4% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -29.8% | -83.3% |
| Market cap | $4,166.1B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.25% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | GOOGL | VXX |
|---|---|---|
| 2022 | -39.1% | -23.8% |
| 2023 | +58.3% | -72.5% |
| 2024 | +36.0% | -26.2% |
| 2025 | +66.0% | -42.2% |
| 2026 | +9.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOGL and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, GOOGL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GOOGL and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.43 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for GOOGL?
Yes. With a correlation of -0.39, GOOGL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/googl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/googl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOOGL correlations · VXX correlations
