PCAR vs VXX: Correlation
How closely do Paccar (PCAR) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCAR and VXX?
On 3 years of weekly data the PCAR/VXX correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.41 over 3 years. The 5-year figure is -0.45, and annualized covariance runs at -599.3 %².
Out of 27 assets tracked against PCAR, VXX lands near the bottom at #26. Correlation aside, the last 12 months split them widely, with PCAR ahead by 77.5 points (+27.8% versus -49.7%). One caveat on sizing: VXX is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PCAR vs VXX: side by side
| PCAR (Paccar) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.8% | -49.7% |
| 5-year return | +177.9% | -95.6% |
| Volatility (ann.) | 24.1% | 60.9% |
| Beta vs S&P 500 | 0.74 | -3.31 |
| Max drawdown (3Y) | -27.7% | -83.3% |
| Market cap | $66.6B | – |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PCAR | VXX |
|---|---|---|
| 2022 | +17.0% | -23.8% |
| 2023 | +55.0% | -72.5% |
| 2024 | +10.8% | -26.2% |
| 2025 | +8.0% | -42.2% |
| 2026 | +16.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCAR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between PCAR and VXX?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.26 over the last year and -0.45 over 5 years.
Is VXX a good diversifier for PCAR?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
A reading of -0.41 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/pcar-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pcar-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PCAR correlations · VXX correlations
