OMF vs VXX: Correlation
OneMain Holdings, Inc. (OMF) 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 -0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMF and VXX?
On 3 years of weekly data the OMF/VXX correlation comes out at -0.65, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.46) than the 3-year average (-0.65). The 5-year figure is -0.53, and annualized covariance runs at -1260.7 %².
VXX is close to the least connected end of OMF's tracked universe, ranking #27 of 27. The last year tells two different stories: OMF led by 61.5 percentage points, +11.8% for OMF against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OMF vs VXX: side by side
| OMF (OneMain Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.8% | -49.7% |
| 5-year return | +68.1% | -95.6% |
| Volatility (ann.) | 31.8% | 60.9% |
| Beta vs S&P 500 | 1.27 | -3.31 |
| Max drawdown (3Y) | -29.9% | -83.3% |
| Market cap | $7.3B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 6.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMF | VXX |
|---|---|---|
| 2022 | -27.2% | -23.8% |
| 2023 | +63.0% | -72.5% |
| 2024 | +15.1% | -26.2% |
| 2025 | +39.8% | -42.2% |
| 2026 | -0.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMF and VXX good diversifiers for each other?
Yes: at -0.65, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OMF and VXX?
As of 2026-08-27, the correlation of weekly returns between OMF and VXX is -0.65 over 3 years, -0.46 over 1 year and -0.53 over 5 years.
Is VXX a good diversifier for OMF?
Yes: at -0.65, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.65 mean?
A reading of -0.65 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/omf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/omf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OMF correlations · VXX correlations
