PDI vs VXX: Correlation
Measured on weekly returns over the past three years, PIMCO Dynamic Income Fund (PDI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDI and VXX?
Across a 3-year window, the weekly returns of PDI and VXX correlate at -0.42, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.37, with an annualized covariance of -364.4 %².
Among the 13 assets we track against PDI, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: PDI led by 42.1 percentage points, -7.6% for PDI against -49.7% for VXX. One caveat on sizing: VXX is 4.3 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.
PDI vs VXX: side by side
| PDI (PIMCO Dynamic Income Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.6% | -49.7% |
| 5-year return | +11.0% | -95.6% |
| Volatility (ann.) | 14.3% | 60.9% |
| Beta vs S&P 500 | 0.52 | -3.31 |
| Max drawdown (3Y) | -14.4% | -83.3% |
| Market cap | $7.1B | – |
| P/E (trailing) | 7.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDI | VXX |
|---|---|---|
| 2022 | -17.0% | -23.8% |
| 2023 | +12.0% | -72.5% |
| 2024 | +17.2% | -26.2% |
| 2025 | +11.1% | -42.2% |
| 2026 | -3.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDI and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, PDI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PDI and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.32 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for PDI?
Yes. With a correlation of -0.42, PDI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 mean?
A reading of -0.42 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/pdi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pdi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PDI correlations · VXX correlations
