PERI vs VXX: Correlation
Measured on weekly returns over the past three years, Perion Network Ltd (PERI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PERI and VXX?
Across a 3-year window, the weekly returns of PERI and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.30). Stretching to 5 years gives -0.30, with an annualized covariance of -880.5 %².
Among the 10 assets we track against PERI, VXX sits near the bottom by co-movement, at rank #9. The last year tells two different stories: PERI led by 53.4 percentage points, +3.7% for PERI 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.
PERI vs VXX: side by side
| PERI (Perion Network Ltd) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.7% | -49.7% |
| 5-year return | -54.1% | -95.6% |
| Volatility (ann.) | 48.9% | 60.9% |
| Beta vs S&P 500 | 1.06 | -3.31 |
| Max drawdown (3Y) | -80.1% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PERI | VXX |
|---|---|---|
| 2022 | +5.2% | -23.8% |
| 2023 | +22.0% | -72.5% |
| 2024 | -72.6% | -26.2% |
| 2025 | +13.1% | -42.2% |
| 2026 | +0.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PERI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between PERI and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.07 over the last year and -0.30 over 5 years.
Is VXX a good diversifier for PERI?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/peri-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peri-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PERI correlations · VXX correlations
