OPEN vs VXX: Correlation
Measured on weekly returns over the past three years, Opendoor Technologies Inc (OPEN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPEN and VXX?
Over the past 3 years, OPEN and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -2106.1 %².
Among the 18 assets we track against OPEN, VXX sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with OPEN ahead by 33.8 points (-15.9% versus -49.7%). One caveat on sizing: OPEN is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
OPEN vs VXX: side by side
| OPEN (Opendoor Technologies Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -15.9% | -49.7% |
| 5-year return | -80.8% | -95.6% |
| Volatility (ann.) | 145.6% | 60.9% |
| Beta vs S&P 500 | 2.46 | -3.31 |
| Max drawdown (3Y) | -89.2% | -83.3% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPEN | VXX |
|---|---|---|
| 2022 | -92.1% | -23.8% |
| 2023 | +286.2% | -72.5% |
| 2024 | -64.3% | -26.2% |
| 2025 | +264.4% | -42.2% |
| 2026 | -42.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPEN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between OPEN and VXX?
The OPEN/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.33, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for OPEN?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/open-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/open-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OPEN correlations · VXX correlations
