PDT vs VXX: Correlation
John Hancock Premium Dividend Fund (PDT) 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 -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDT and VXX?
Over the past 3 years, PDT and VXX moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.42 over 1 year against -0.46 over 3. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -440.3 %².
Out of 12 assets tracked against PDT, VXX lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with PDT ahead by 51.0 points (+1.3% versus -49.7%). Risk is not evenly split, since VXX carries 3.9 times the volatility of the other side.
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.
PDT vs VXX: side by side
| PDT (John Hancock Premium Dividend Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.3% | -49.7% |
| 5-year return | +12.6% | -95.6% |
| Volatility (ann.) | 15.8% | 60.9% |
| Beta vs S&P 500 | 0.52 | -3.31 |
| Max drawdown (3Y) | -11.8% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 4.9 | – |
| Dividend yield | 7.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDT | VXX |
|---|---|---|
| 2022 | -16.3% | -23.8% |
| 2023 | -9.5% | -72.5% |
| 2024 | +30.0% | -26.2% |
| 2025 | +7.7% | -42.2% |
| 2026 | +4.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDT and VXX good diversifiers for each other?
Yes. With a correlation of -0.46, PDT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PDT and VXX?
As of 2026-08-27, the correlation of weekly returns between PDT and VXX is -0.46 over 3 years, -0.42 over 1 year and -0.39 over 5 years.
Is VXX a good diversifier for PDT?
Yes. With a correlation of -0.46, PDT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.46 mean?
A reading of -0.46 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/pdt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pdt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PDT correlations · VXX correlations
