PEGA vs VXX: Correlation
How closely do Pegasystems Inc. (PEGA) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEGA and VXX?
Across a 3-year window, the weekly returns of PEGA and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives -0.26, with an annualized covariance of -761.6 %².
VXX is close to the least connected end of PEGA's tracked universe, ranking #12 of 14. The last year tells two different stories: PEGA led by 17.9 percentage points, -31.8% for PEGA 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.
PEGA vs VXX: side by side
| PEGA (Pegasystems Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -31.8% | -49.7% |
| 5-year return | -47.4% | -95.6% |
| Volatility (ann.) | 50.2% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -60.9% | -83.3% |
| Market cap | $5.9B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEGA | VXX |
|---|---|---|
| 2022 | -69.3% | -23.8% |
| 2023 | +43.1% | -72.5% |
| 2024 | +91.0% | -26.2% |
| 2025 | +28.4% | -42.2% |
| 2026 | -39.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEGA and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, PEGA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PEGA and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.22 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for PEGA?
Yes. With a correlation of -0.25, PEGA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/pega-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pega-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PEGA correlations · VXX correlations
