PHM vs VXX: Correlation
How closely do PulteGroup (PHM) 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 -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHM and VXX?
On 3 years of weekly data the PHM/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.38, and annualized covariance runs at -633.4 %².
Out of 47 assets tracked against PHM, VXX lands near the bottom at #46. The last year tells two different stories: PHM led by 47.2 percentage points, -2.5% for PHM against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.9 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.
PHM vs VXX: side by side
| PHM (PulteGroup) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -2.5% | -49.7% |
| 5-year return | +145.5% | -95.6% |
| Volatility (ann.) | 32.2% | 60.9% |
| Beta vs S&P 500 | 0.82 | -3.31 |
| Max drawdown (3Y) | -38.0% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | PHM | VXX |
|---|---|---|
| 2022 | -19.2% | -23.8% |
| 2023 | +128.8% | -72.5% |
| 2024 | +6.2% | -26.2% |
| 2025 | +8.5% | -42.2% |
| 2026 | +8.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHM and VXX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PHM and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.23 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for PHM?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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/phm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PHM correlations · VXX correlations
