PHIN vs VXX: Correlation
Measured on weekly returns over the past three years, PHINIA Inc. (PHIN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.48, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHIN and VXX?
Across a 3-year window, the weekly returns of PHIN and VXX correlate at -0.48, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.20 versus -0.48 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -971.7 %².
Out of 12 assets tracked against PHIN, VXX lands near the bottom at #12. The last year tells two different stories: PHIN led by 66.6 percentage points, +16.9% for PHIN against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.8 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.
PHIN vs VXX: side by side
| PHIN (PHINIA Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.9% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 33.0% | 60.9% |
| Beta vs S&P 500 | 1.01 | -3.31 |
| Max drawdown (3Y) | -32.9% | -83.3% |
| Market cap | $2.5B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 1.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHIN | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +62.7% | -26.2% |
| 2025 | +33.0% | -42.2% |
| 2026 | +9.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHIN and VXX good diversifiers for each other?
Yes. With a correlation of -0.48, PHIN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PHIN and VXX?
Using weekly returns as of 2026-08-27: -0.48 over 3 years, with -0.20 over the last year and n/a over 5 years.
Is VXX a good diversifier for PHIN?
Yes. With a correlation of -0.48, PHIN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.48 mean?
On the −1 to +1 scale, -0.48 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/phin-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phin-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PHIN correlations · VXX correlations
