PAL vs VXX: Correlation
Proficient Auto Logistics, Inc. (PAL) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAL and VXX?
Over the past 3 years, PAL and VXX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1665.5 %².
VXX is close to the least connected end of PAL's tracked universe, ranking #15 of 15. Correlation aside, the last 12 months split them widely, with PAL ahead by 15.4 points (-34.3% 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.
PAL vs VXX: side by side
| PAL (Proficient Auto Logistics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.3% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 79.8% | 60.9% |
| Beta vs S&P 500 | 1.84 | -3.31 |
| Max drawdown (3Y) | -76.0% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAL | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | +19.5% | -42.2% |
| 2026 | -44.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between PAL and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.30 over the last year and n/a over 5 years.
Is VXX a good diversifier for PAL?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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/pal-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pal-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PAL correlations · VXX correlations
