NXT vs VXX: Correlation
Nextpower Inc. (NXT) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXT and VXX?
On 3 years of weekly data the NXT/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.25 over 3. The 5-year figure is n/a, and annualized covariance runs at -947.1 %².
Among the 11 assets we track against NXT, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: NXT led by 82.0 percentage points, +32.3% for NXT 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.
NXT vs VXX: side by side
| NXT (Nextpower Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +32.3% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 62.6% | 60.9% |
| Beta vs S&P 500 | 1.42 | -3.31 |
| Max drawdown (3Y) | -48.6% | -83.3% |
| Market cap | $13.8B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXT | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | -22.0% | -26.2% |
| 2025 | +138.5% | -42.2% |
| 2026 | +2.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between NXT and VXX?
The NXT/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for NXT?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/nxt-vs-vxx.json
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[](https://www.pairbook.io/pair/nxt-vs-vxx/)
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Related comparisons
Hubs: NXT correlations · VXX correlations
