IHRT vs VXX: Correlation
Measured on weekly returns over the past three years, iHeartMedia, Inc. (IHRT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHRT and VXX?
Across a 3-year window, the weekly returns of IHRT and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.25). Stretching to 5 years gives -0.22, with an annualized covariance of -1470.2 %².
Among the 10 assets we track against IHRT, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: IHRT led by 70.3 percentage points, +20.6% for IHRT against -49.7% for VXX. Risk is not evenly split, since IHRT carries 1.6 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.
IHRT vs VXX: side by side
| IHRT (iHeartMedia, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.6% | -49.7% |
| 5-year return | -89.2% | -95.6% |
| Volatility (ann.) | 97.6% | 60.9% |
| Beta vs S&P 500 | 1.73 | -3.31 |
| Max drawdown (3Y) | -77.2% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IHRT | VXX |
|---|---|---|
| 2022 | -70.9% | -23.8% |
| 2023 | -56.4% | -72.5% |
| 2024 | -25.8% | -26.2% |
| 2025 | +110.1% | -42.2% |
| 2026 | -35.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHRT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between IHRT and VXX?
The IHRT/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.10, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for IHRT?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/ihrt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ihrt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IHRT correlations · VXX correlations
