PJT vs VXX: Correlation
PJT Partners Inc. (PJT) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PJT and VXX?
Over the past 3 years, PJT and VXX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.47 over 3 years. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -843.4 %².
Among the 10 assets we track against PJT, VXX sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months PJT outperformed by 48.5 percentage points (-1.2% for PJT against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.1 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.
PJT vs VXX: side by side
| PJT (PJT Partners Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.2% | -49.7% |
| 5-year return | +143.7% | -95.6% |
| Volatility (ann.) | 29.4% | 60.9% |
| Beta vs S&P 500 | 1.08 | -3.31 |
| Max drawdown (3Y) | -32.5% | -83.3% |
| Market cap | $7.6B | – |
| P/E (trailing) | 24.3 | – |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PJT | VXX |
|---|---|---|
| 2022 | +0.9% | -23.8% |
| 2023 | +40.0% | -72.5% |
| 2024 | +56.2% | -26.2% |
| 2025 | +6.6% | -42.2% |
| 2026 | +7.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PJT and VXX good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PJT and VXX?
The PJT/VXX correlation stands at -0.47 on a 3-year window (1 year: -0.27, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PJT?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
A reading of -0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pjt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pjt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PJT correlations · VXX correlations
