MASS vs VXX: Correlation
908 Devices Inc. (MASS) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MASS and VXX?
Over the past 3 years, MASS and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1438.4 %².
Among the 10 assets we track against MASS, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: MASS led by 125.9 percentage points, +76.2% for MASS against -49.7% for VXX.
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.
MASS vs VXX: side by side
| MASS (908 Devices Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +76.2% | -49.7% |
| 5-year return | -69.9% | -95.6% |
| Volatility (ann.) | 82.7% | 60.9% |
| Beta vs S&P 500 | 1.55 | -3.31 |
| Max drawdown (3Y) | -84.9% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MASS | VXX |
|---|---|---|
| 2022 | -70.5% | -23.8% |
| 2023 | +47.2% | -72.5% |
| 2024 | -80.4% | -26.2% |
| 2025 | +138.6% | -42.2% |
| 2026 | +111.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MASS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between MASS and VXX?
As of 2026-08-27, the correlation of weekly returns between MASS and VXX is -0.29 over 3 years, -0.34 over 1 year and -0.29 over 5 years.
Is VXX a good diversifier for MASS?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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/mass-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mass-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MASS correlations · VXX correlations
