PLTK vs VXX: Correlation
Measured on weekly returns over the past three years, Playtika Holding Corp. (PLTK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLTK and VXX?
Across a 3-year window, the weekly returns of PLTK and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. Stretching to 5 years gives -0.28, with an annualized covariance of -853.3 %².
Out of 10 assets tracked against PLTK, VXX lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with PLTK ahead by 15.0 points (-34.7% versus -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.
PLTK vs VXX: side by side
| PLTK (Playtika Holding Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.7% | -49.7% |
| 5-year return | -89.9% | -95.6% |
| Volatility (ann.) | 50.5% | 60.9% |
| Beta vs S&P 500 | 1.02 | -3.31 |
| Max drawdown (3Y) | -75.1% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLTK | VXX |
|---|---|---|
| 2022 | -50.8% | -23.8% |
| 2023 | +2.5% | -72.5% |
| 2024 | -16.1% | -26.2% |
| 2025 | -37.2% | -42.2% |
| 2026 | -41.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLTK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLTK and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.36 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for PLTK?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/pltk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pltk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLTK correlations · VXX correlations
