NVEC vs VXX: Correlation
NVE Corporation (NVEC) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVEC and VXX?
Over the past 3 years, NVEC and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.32 over 3. Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -870.7 %².
Among the 10 assets we track against NVEC, VXX sits near the bottom by co-movement, at rank #9. The last year tells two different stories: NVEC led by 123.4 percentage points, +73.7% for NVEC 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.
NVEC vs VXX: side by side
| NVEC (NVE Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +73.7% | -49.7% |
| 5-year return | +103.2% | -95.6% |
| Volatility (ann.) | 44.5% | 60.9% |
| Beta vs S&P 500 | 1.14 | -3.31 |
| Max drawdown (3Y) | -37.7% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 28.8 | – |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVEC | VXX |
|---|---|---|
| 2022 | +1.9% | -23.8% |
| 2023 | +27.7% | -72.5% |
| 2024 | +9.2% | -26.2% |
| 2025 | -22.7% | -42.2% |
| 2026 | +86.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVEC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVEC and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.24 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for NVEC?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/nvec-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvec-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NVEC correlations · VXX correlations
