NVDA vs VXX: Correlation
Measured on weekly returns over the past three years, Nvidia (NVDA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVDA and VXX?
On 3 years of weekly data the NVDA/VXX correlation comes out at -0.50, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.30 versus -0.50 over 3 years. The 5-year figure is -0.42, and annualized covariance runs at -1368.1 %².
Out of 37 assets tracked against NVDA, VXX lands near the bottom at #36. Correlation aside, the last 12 months split them widely, with NVDA ahead by 75.4 points (+25.7% versus -49.7%).
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.
NVDA vs VXX: side by side
| NVDA (Nvidia) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.7% | -49.7% |
| 5-year return | +908.3% | -95.6% |
| Volatility (ann.) | 44.5% | 60.9% |
| Beta vs S&P 500 | 2.18 | -3.31 |
| Max drawdown (3Y) | -36.9% | -83.3% |
| Market cap | $5,505.0B | – |
| P/E (trailing) | 32.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | NVDA | VXX |
|---|---|---|
| 2022 | -50.3% | -23.8% |
| 2023 | +239.0% | -72.5% |
| 2024 | +171.2% | -26.2% |
| 2025 | +38.9% | -42.2% |
| 2026 | +22.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVDA and VXX good diversifiers for each other?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NVDA and VXX?
As of 2026-08-27, the correlation of weekly returns between NVDA and VXX is -0.50 over 3 years, -0.30 over 1 year and -0.42 over 5 years.
Is VXX a good diversifier for NVDA?
Yes: at -0.50, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.50 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/nvda-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvda-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NVDA correlations · VXX correlations
