NSIT vs VXX: Correlation
Measured on weekly returns over the past three years, Insight Enterprises, Inc. (NSIT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSIT and VXX?
Over the past 3 years, NSIT and VXX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.30) runs above the 3-year figure (-0.47). Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -1092.1 %².
Out of 14 assets tracked against NSIT, VXX lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months NSIT outperformed by 71.1 percentage points (+21.4% for NSIT 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.
NSIT vs VXX: side by side
| NSIT (Insight Enterprises, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.4% | -49.7% |
| 5-year return | +51.9% | -95.6% |
| Volatility (ann.) | 38.2% | 60.9% |
| Beta vs S&P 500 | 1.35 | -3.31 |
| Max drawdown (3Y) | -71.4% | -83.3% |
| Market cap | $4.6B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NSIT | VXX |
|---|---|---|
| 2022 | -5.9% | -23.8% |
| 2023 | +76.7% | -72.5% |
| 2024 | -14.2% | -26.2% |
| 2025 | -46.4% | -42.2% |
| 2026 | +91.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSIT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between NSIT and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.30 over the last year and -0.42 over 5 years.
Is VXX a good diversifier for NSIT?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nsit-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nsit-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NSIT correlations · VXX correlations
