PBI vs VXX: Correlation
Measured on weekly returns over the past three years, Pitney Bowes Inc. (PBI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBI and VXX?
Over the past 3 years, PBI and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.41). Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -1279.8 %².
Among the 10 assets we track against PBI, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months PBI outperformed by 94.4 percentage points (+44.7% for PBI against -49.7% for VXX).
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.
PBI vs VXX: side by side
| PBI (Pitney Bowes Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +44.7% | -49.7% |
| 5-year return | +183.6% | -95.6% |
| Volatility (ann.) | 51.4% | 60.9% |
| Beta vs S&P 500 | 1.50 | -3.31 |
| Max drawdown (3Y) | -28.3% | -83.3% |
| Market cap | $2.4B | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 2.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBI | VXX |
|---|---|---|
| 2022 | -39.7% | -23.8% |
| 2023 | +22.2% | -72.5% |
| 2024 | +70.6% | -26.2% |
| 2025 | +50.4% | -42.2% |
| 2026 | +66.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBI and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PBI and VXX?
As of 2026-08-27, the correlation of weekly returns between PBI and VXX is -0.41 over 3 years, -0.06 over 1 year and -0.37 over 5 years.
Is VXX a good diversifier for PBI?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pbi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pbi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PBI correlations · VXX correlations
