PINS vs VXX: Correlation
Pinterest, Inc. (PINS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PINS and VXX?
Over the past 3 years, PINS and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.39). Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -1144.1 %².
Out of 16 assets tracked against PINS, VXX lands near the bottom at #14. Over the last 12 months PINS came out ahead by 13.0 percentage points (-36.7% against -49.7%).
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.
PINS vs VXX: side by side
| PINS (Pinterest, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -36.7% | -49.7% |
| 5-year return | -59.5% | -95.6% |
| Volatility (ann.) | 48.1% | 60.9% |
| Beta vs S&P 500 | 1.48 | -3.31 |
| Max drawdown (3Y) | -65.7% | -83.3% |
| Market cap | $13.0B | – |
| P/E (trailing) | 69.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PINS | VXX |
|---|---|---|
| 2022 | -33.2% | -23.8% |
| 2023 | +52.6% | -72.5% |
| 2024 | -21.7% | -26.2% |
| 2025 | -10.7% | -42.2% |
| 2026 | -11.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PINS and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, PINS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PINS and VXX?
The PINS/VXX correlation stands at -0.39 on a 3-year window (1 year: -0.13, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PINS?
Yes. With a correlation of -0.39, PINS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/pins-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pins-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PINS correlations · VXX correlations
