OXM vs VXX: Correlation
How closely do Oxford Industries, Inc. (OXM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXM and VXX?
Across a 3-year window, the weekly returns of OXM and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.32 over 3. Stretching to 5 years gives -0.32, with an annualized covariance of -924.8 %².
Among the 13 assets we track against OXM, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with OXM ahead by 40.5 points (-9.2% 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.
OXM vs VXX: side by side
| OXM (Oxford Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.2% | -49.7% |
| 5-year return | -50.3% | -95.6% |
| Volatility (ann.) | 47.0% | 60.9% |
| Beta vs S&P 500 | 1.00 | -3.31 |
| Max drawdown (3Y) | -69.4% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 7.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OXM | VXX |
|---|---|---|
| 2022 | -6.1% | -23.8% |
| 2023 | +10.0% | -72.5% |
| 2024 | -18.9% | -26.2% |
| 2025 | -54.0% | -42.2% |
| 2026 | +17.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXM and VXX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OXM and VXX?
As of 2026-08-27, the correlation of weekly returns between OXM and VXX is -0.32 over 3 years, -0.37 over 1 year and -0.32 over 5 years.
Is VXX a good diversifier for OXM?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oxm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oxm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OXM correlations · VXX correlations
