PENG vs VXX: Correlation
Measured on weekly returns over the past three years, Penguin Solutions, Inc. (PENG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PENG and VXX?
On 3 years of weekly data the PENG/VXX correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.48) sits close to the 3-year figure. The 5-year figure is -0.43, and annualized covariance runs at -2011.8 %².
Out of 10 assets tracked against PENG, VXX lands near the bottom at #10. The last year tells two different stories: PENG led by 165.9 percentage points, +116.2% for PENG 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.
PENG vs VXX: side by side
| PENG (Penguin Solutions, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +116.2% | -49.7% |
| 5-year return | +118.5% | -95.6% |
| Volatility (ann.) | 71.5% | 60.9% |
| Beta vs S&P 500 | 2.57 | -3.31 |
| Max drawdown (3Y) | -50.5% | -83.3% |
| Market cap | $2.7B | – |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PENG | VXX |
|---|---|---|
| 2022 | -58.1% | -23.8% |
| 2023 | +27.2% | -72.5% |
| 2024 | +1.4% | -26.2% |
| 2025 | +1.9% | -42.2% |
| 2026 | +168.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PENG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between PENG and VXX?
As of 2026-08-27, the correlation of weekly returns between PENG and VXX is -0.46 over 3 years, -0.48 over 1 year and -0.43 over 5 years.
Is VXX a good diversifier for PENG?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 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/peng-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peng-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PENG correlations · VXX correlations
