NXDR vs VXX: Correlation
Nextdoor Holdings, Inc. (NXDR) 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 -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXDR and VXX?
Over the past 3 years, NXDR and VXX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1113.0 %².
Among the 15 assets we track against NXDR, VXX sits near the bottom by co-movement, at rank #14. The last year tells two different stories: NXDR led by 59.7 percentage points, +10.0% for NXDR 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.
NXDR vs VXX: side by side
| NXDR (Nextdoor Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.0% | -49.7% |
| 5-year return | -82.2% | -95.6% |
| Volatility (ann.) | 54.0% | 60.9% |
| Beta vs S&P 500 | 1.65 | -3.31 |
| Max drawdown (3Y) | -53.6% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXDR | VXX |
|---|---|---|
| 2022 | -73.9% | -23.8% |
| 2023 | -8.3% | -72.5% |
| 2024 | +25.4% | -26.2% |
| 2025 | -11.4% | -42.2% |
| 2026 | +10.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXDR and VXX good diversifiers for each other?
Yes. With a correlation of -0.34, NXDR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NXDR and VXX?
The NXDR/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.31, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for NXDR?
Yes. With a correlation of -0.34, NXDR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/nxdr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxdr-vs-vxx/)
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Related comparisons
Hubs: NXDR correlations · VXX correlations
