MET vs VXX: Correlation
MetLife (MET) 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 -0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and VXX?
Over the past 3 years, MET and VXX moved with a correlation of -0.56, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.32 versus -0.56 over 3 years. Over 5 years the correlation is -0.49, and the annualized covariance of weekly returns is -796.2 %².
VXX is close to the least connected end of MET's tracked universe, ranking #36 of 37. Correlation aside, the last 12 months split them widely, with MET ahead by 71.8 points (+22.1% versus -49.7%). Note the risk asymmetry: VXX runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MET vs VXX: side by side
| MET (MetLife) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +22.1% | -49.7% |
| 5-year return | +80.8% | -95.6% |
| Volatility (ann.) | 23.3% | 60.9% |
| Beta vs S&P 500 | 0.89 | -3.31 |
| Max drawdown (3Y) | -22.0% | -83.3% |
| Market cap | $61.2B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MET | VXX |
|---|---|---|
| 2022 | +19.2% | -23.8% |
| 2023 | -5.5% | -72.5% |
| 2024 | +27.7% | -26.2% |
| 2025 | -0.8% | -42.2% |
| 2026 | +24.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MET and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.56 means the two rarely move for the same reasons.
FAQ
What is the correlation between MET and VXX?
As of 2026-08-27, the correlation of weekly returns between MET and VXX is -0.56 over 3 years, -0.32 over 1 year and -0.49 over 5 years.
Is VXX a good diversifier for MET?
By historical standards, yes. A correlation of -0.56 means the two rarely move for the same reasons.
What does a correlation of -0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/met-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/met-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MET correlations · VXX correlations
