OEC vs VXX: Correlation
Measured on weekly returns over the past three years, Orion S.A. (OEC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OEC and VXX?
Over the past 3 years, OEC and VXX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.34 over 3 years. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -1090.4 %².
VXX is close to the least connected end of OEC's tracked universe, ranking #10 of 10. On 12-month performance OEC holds a 10.5-point edge, -39.2% against -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.
OEC vs VXX: side by side
| OEC (Orion S.A.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -39.2% | -49.7% |
| 5-year return | -64.2% | -95.6% |
| Volatility (ann.) | 51.9% | 60.9% |
| Beta vs S&P 500 | 1.04 | -3.31 |
| Max drawdown (3Y) | -84.5% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OEC | VXX |
|---|---|---|
| 2022 | -2.4% | -23.8% |
| 2023 | +56.2% | -72.5% |
| 2024 | -42.8% | -26.2% |
| 2025 | -66.4% | -42.2% |
| 2026 | +20.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OEC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between OEC and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.11 over the last year and -0.36 over 5 years.
Is VXX a good diversifier for OEC?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
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/oec-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oec-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OEC correlations · VXX correlations
