PATK vs VXX: Correlation
Measured on weekly returns over the past three years, Patrick Industries, Inc. (PATK) 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 PATK and VXX?
Over the past 3 years, PATK and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.39). Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -835.4 %².
Out of 16 assets tracked against PATK, VXX lands near the bottom at #15. The last year tells two different stories: PATK led by 23.9 percentage points, -25.8% for PATK against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PATK vs VXX: side by side
| PATK (Patrick Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.8% | -49.7% |
| 5-year return | +62.2% | -95.6% |
| Volatility (ann.) | 35.5% | 60.9% |
| Beta vs S&P 500 | 1.04 | -3.31 |
| Max drawdown (3Y) | -42.9% | -83.3% |
| Market cap | $2.7B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PATK | VXX |
|---|---|---|
| 2022 | -23.1% | -23.8% |
| 2023 | +69.6% | -72.5% |
| 2024 | +26.5% | -26.2% |
| 2025 | +32.7% | -42.2% |
| 2026 | -22.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PATK and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, PATK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PATK and VXX?
As of 2026-08-27, the correlation of weekly returns between PATK and VXX is -0.39 over 3 years, -0.15 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for PATK?
Yes. With a correlation of -0.39, PATK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
A reading of -0.39 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/patk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/patk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PATK correlations · VXX correlations
