PAHC vs VXX: Correlation
Phibro Animal Health Corporation (PAHC) 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 -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAHC and VXX?
Over the past 3 years, PAHC and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.29). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -940.7 %².
VXX is close to the least connected end of PAHC's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with PAHC ahead by 64.0 points (+14.3% 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.
PAHC vs VXX: side by side
| PAHC (Phibro Animal Health Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.3% | -49.7% |
| 5-year return | +73.3% | -95.6% |
| Volatility (ann.) | 53.5% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -52.1% | -83.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAHC | VXX |
|---|---|---|
| 2022 | -32.3% | -23.8% |
| 2023 | -10.4% | -72.5% |
| 2024 | +86.3% | -26.2% |
| 2025 | +80.8% | -42.2% |
| 2026 | -2.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAHC and VXX good diversifiers for each other?
Yes. With a correlation of -0.29, PAHC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PAHC and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.12 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for PAHC?
Yes. With a correlation of -0.29, PAHC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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/pahc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pahc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PAHC correlations · VXX correlations
