OSK vs VXX: Correlation
Oshkosh Corporation (Holding Company) (OSK) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSK and VXX?
Over the past 3 years, OSK and VXX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.30) than the 3-year average (-0.47). Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -1058.5 %².
VXX is close to the least connected end of OSK's tracked universe, ranking #17 of 18. Correlation aside, the last 12 months split them widely, with OSK ahead by 60.7 points (+11.0% versus -49.7%). 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.
OSK vs VXX: side by side
| OSK (Oshkosh Corporation (Holding Company)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.0% | -49.7% |
| 5-year return | +47.4% | -95.6% |
| Volatility (ann.) | 37.0% | 60.9% |
| Beta vs S&P 500 | 1.14 | -3.31 |
| Max drawdown (3Y) | -36.7% | -83.3% |
| Market cap | $9.7B | – |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 1.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSK | VXX |
|---|---|---|
| 2022 | -20.5% | -23.8% |
| 2023 | +25.2% | -72.5% |
| 2024 | -10.8% | -26.2% |
| 2025 | +34.5% | -42.2% |
| 2026 | +26.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSK and VXX good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OSK and VXX?
The OSK/VXX correlation stands at -0.47 on a 3-year window (1 year: -0.30, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for OSK?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/osk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/osk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OSK correlations · VXX correlations
