OSCR vs VXX: Correlation
Measured on weekly returns over the past three years, Oscar Health, Inc. (OSCR) 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 OSCR and VXX?
Across a 3-year window, the weekly returns of OSCR and VXX correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.25, with an annualized covariance of -1165.7 %².
VXX is close to the least connected end of OSCR's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months OSCR outperformed by 126.3 percentage points (+76.6% for OSCR against -49.7% for VXX).
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.
OSCR vs VXX: side by side
| OSCR (Oscar Health, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +76.6% | -49.7% |
| 5-year return | +96.9% | -95.6% |
| Volatility (ann.) | 80.0% | 60.9% |
| Beta vs S&P 500 | 1.29 | -3.31 |
| Max drawdown (3Y) | -53.4% | -83.3% |
| Market cap | $9.3B | – |
| P/E (trailing) | 24.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSCR | VXX |
|---|---|---|
| 2022 | -68.7% | -23.8% |
| 2023 | +272.0% | -72.5% |
| 2024 | +46.9% | -26.2% |
| 2025 | +6.9% | -42.2% |
| 2026 | +109.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSCR 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 OSCR and VXX?
The OSCR/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.33, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for OSCR?
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?
On the −1 to +1 scale, -0.24 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/oscr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oscr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OSCR correlations · VXX correlations
