PHG vs VXX: Correlation
Measured on weekly returns over the past three years, Koninklijke Philips N.V. NY Registry Shares (PHG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHG and VXX?
Over the past 3 years, PHG and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.29). Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -584.3 %².
VXX is close to the least connected end of PHG's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months PHG outperformed by 50.7 percentage points (+1.0% for PHG against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PHG vs VXX: side by side
| PHG (Koninklijke Philips N.V. NY Registry Shares) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.0% | -49.7% |
| 5-year return | -32.8% | -95.6% |
| Volatility (ann.) | 33.4% | 60.9% |
| Beta vs S&P 500 | 0.92 | -3.31 |
| Max drawdown (3Y) | -33.8% | -83.3% |
| Market cap | $26.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 3.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHG | VXX |
|---|---|---|
| 2022 | -57.6% | -23.8% |
| 2023 | +55.6% | -72.5% |
| 2024 | +8.5% | -26.2% |
| 2025 | +11.2% | -42.2% |
| 2026 | +3.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHG and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PHG and VXX?
As of 2026-08-27, the correlation of weekly returns between PHG and VXX is -0.29 over 3 years, -0.39 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for PHG?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/phg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PHG correlations · VXX correlations
