PFE vs VXX: Correlation
Pfizer (PFE) 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 -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFE and VXX?
On 3 years of weekly data the PFE/VXX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.13 lands near the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -302.3 %².
VXX is close to the least connected end of PFE's tracked universe, ranking #31 of 32. The last year tells two different stories: PFE led by 69.3 percentage points, +19.6% for PFE against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.6 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.
PFE vs VXX: side by side
| PFE (Pfizer) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.6% | -49.7% |
| 5-year return | -21.9% | -95.6% |
| Volatility (ann.) | 23.8% | 60.9% |
| Beta vs S&P 500 | 0.40 | -3.31 |
| Max drawdown (3Y) | -34.8% | -83.3% |
| Market cap | $159.7B | – |
| P/E (trailing) | 37.4 | – |
| Dividend yield | 6.08% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PFE | VXX |
|---|---|---|
| 2022 | -10.4% | -23.8% |
| 2023 | -41.3% | -72.5% |
| 2024 | -2.2% | -26.2% |
| 2025 | +0.6% | -42.2% |
| 2026 | +18.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between PFE and VXX?
The PFE/VXX correlation stands at -0.21 on a 3-year window (1 year: -0.13, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PFE?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/pfe-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfe-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PFE correlations · VXX correlations
