OOMA vs VXX: Correlation
Ooma, Inc. (OOMA) 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 -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OOMA and VXX?
Across a 3-year window, the weekly returns of OOMA and VXX correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.10 versus -0.23 over 3 years. Stretching to 5 years gives -0.27, with an annualized covariance of -553.1 %².
Among the 10 assets we track against OOMA, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months OOMA outperformed by 124.0 percentage points (+74.3% for OOMA against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.6 times the volatility of the other side.
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.
OOMA vs VXX: side by side
| OOMA (Ooma, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +74.3% | -49.7% |
| 5-year return | +23.7% | -95.6% |
| Volatility (ann.) | 38.7% | 60.9% |
| Beta vs S&P 500 | 0.76 | -3.31 |
| Max drawdown (3Y) | -53.4% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 62.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OOMA | VXX |
|---|---|---|
| 2022 | -33.4% | -23.8% |
| 2023 | -21.2% | -72.5% |
| 2024 | +31.0% | -26.2% |
| 2025 | -16.6% | -42.2% |
| 2026 | +96.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OOMA and VXX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OOMA and VXX?
As of 2026-08-27, the correlation of weekly returns between OOMA and VXX is -0.23 over 3 years, 0.10 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for OOMA?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/ooma-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ooma-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OOMA correlations · VXX correlations
