PHR vs VXX: Correlation
How closely do Phreesia, Inc. (PHR) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHR and VXX?
Across a 3-year window, the weekly returns of PHR and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.31). Stretching to 5 years gives -0.28, with an annualized covariance of -1104.2 %².
VXX is close to the least connected end of PHR's tracked universe, ranking #11 of 13. The trailing year gives VXX the advantage: -62.9% versus -49.7%, a 13.2-point spread.
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.
PHR vs VXX: side by side
| PHR (Phreesia, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -62.9% | -49.7% |
| 5-year return | -83.5% | -95.6% |
| Volatility (ann.) | 57.6% | 60.9% |
| Beta vs S&P 500 | 1.57 | -3.31 |
| Max drawdown (3Y) | -75.2% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 74.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHR | VXX |
|---|---|---|
| 2022 | -22.3% | -23.8% |
| 2023 | -28.5% | -72.5% |
| 2024 | +8.7% | -26.2% |
| 2025 | -32.8% | -42.2% |
| 2026 | -29.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHR and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, PHR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PHR and VXX?
The PHR/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.12, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PHR?
Yes. With a correlation of -0.31, PHR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/phr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PHR correlations · VXX correlations
