ONEW vs VXX: Correlation
OneWater Marine Inc. (ONEW) 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 -0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONEW and VXX?
On 3 years of weekly data the ONEW/VXX correlation comes out at -0.49, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.31 versus -0.49 over 3 years. The 5-year figure is -0.48, and annualized covariance runs at -1773.4 %².
VXX is close to the least connected end of ONEW's tracked universe, ranking #13 of 13. Correlation aside, the last 12 months split them widely, with ONEW ahead by 16.5 points (-33.2% versus -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.
ONEW vs VXX: side by side
| ONEW (OneWater Marine Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -33.2% | -49.7% |
| 5-year return | -71.6% | -95.6% |
| Volatility (ann.) | 59.0% | 60.9% |
| Beta vs S&P 500 | 1.72 | -3.31 |
| Max drawdown (3Y) | -76.1% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONEW | VXX |
|---|---|---|
| 2022 | -53.1% | -23.8% |
| 2023 | +18.1% | -72.5% |
| 2024 | -48.6% | -26.2% |
| 2025 | -37.7% | -42.2% |
| 2026 | +7.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONEW and VXX good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ONEW and VXX?
As of 2026-08-27, the correlation of weekly returns between ONEW and VXX is -0.49 over 3 years, -0.31 over 1 year and -0.48 over 5 years.
Is VXX a good diversifier for ONEW?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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/onew-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/onew-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ONEW correlations · VXX correlations
