IQV vs VXX: Correlation
IQVIA (IQV) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IQV and VXX?
Across a 3-year window, the weekly returns of IQV and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.31 over 3. Stretching to 5 years gives -0.38, with an annualized covariance of -726.3 %².
Out of 37 assets tracked against IQV, VXX lands near the bottom at #36. The last year tells two different stories: IQV led by 88.7 percentage points, +39.0% for IQV against -49.7% for VXX. One caveat on sizing: VXX is 1.6 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.
IQV vs VXX: side by side
| IQV (IQVIA) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.0% | -49.7% |
| 5-year return | +0.3% | -95.6% |
| Volatility (ann.) | 37.9% | 60.9% |
| Beta vs S&P 500 | 0.93 | -3.31 |
| Max drawdown (3Y) | -47.1% | -83.3% |
| Market cap | $43.2B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | IQV | VXX |
|---|---|---|
| 2022 | -27.4% | -23.8% |
| 2023 | +12.9% | -72.5% |
| 2024 | -15.1% | -26.2% |
| 2025 | +14.7% | -42.2% |
| 2026 | +16.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IQV and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between IQV and VXX?
The IQV/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.21, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for IQV?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 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/iqv-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iqv-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IQV correlations · VXX correlations
