PFGC vs VXX: Correlation
How closely do Performance Food Group Company (PFGC) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFGC and VXX?
Across a 3-year window, the weekly returns of PFGC and VXX correlate at -0.41, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.28) than the 3-year average (-0.41). Stretching to 5 years gives -0.37, with an annualized covariance of -630.2 %².
Out of 12 assets tracked against PFGC, VXX lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months PFGC outperformed by 50.4 percentage points (+0.7% for PFGC against -49.7% for VXX). One caveat on sizing: VXX is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PFGC vs VXX: side by side
| PFGC (Performance Food Group Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.7% | -49.7% |
| 5-year return | +113.4% | -95.6% |
| Volatility (ann.) | 25.2% | 60.9% |
| Beta vs S&P 500 | 0.80 | -3.31 |
| Max drawdown (3Y) | -25.5% | -83.3% |
| Market cap | $16.0B | – |
| P/E (trailing) | 44.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFGC | VXX |
|---|---|---|
| 2022 | +27.2% | -23.8% |
| 2023 | +18.4% | -72.5% |
| 2024 | +22.3% | -26.2% |
| 2025 | +6.4% | -42.2% |
| 2026 | +13.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFGC and VXX good diversifiers for each other?
Yes. With a correlation of -0.41, PFGC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PFGC and VXX?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.28 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for PFGC?
Yes. With a correlation of -0.41, PFGC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pfgc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfgc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PFGC correlations · VXX correlations
