OSPN vs VXX: Correlation
Measured on weekly returns over the past three years, OneSpan Inc. (OSPN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSPN and VXX?
Across a 3-year window, the weekly returns of OSPN and VXX correlate at -0.39, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.39 over 3. Stretching to 5 years gives -0.34, with an annualized covariance of -1031.9 %².
Out of 19 assets tracked against OSPN, VXX lands near the bottom at #18. Correlation aside, the last 12 months split them widely, with OSPN ahead by 65.3 points (+15.6% 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.
OSPN vs VXX: side by side
| OSPN (OneSpan Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.6% | -49.7% |
| 5-year return | -8.3% | -95.6% |
| Volatility (ann.) | 43.6% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -47.9% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 3.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSPN | VXX |
|---|---|---|
| 2022 | -33.9% | -23.8% |
| 2023 | -4.2% | -72.5% |
| 2024 | +72.9% | -26.2% |
| 2025 | -28.5% | -42.2% |
| 2026 | +32.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSPN and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, OSPN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OSPN and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.34 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for OSPN?
Yes. With a correlation of -0.39, OSPN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 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/ospn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ospn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OSPN correlations · VXX correlations
