PNTG vs VXX: Correlation
The Pennant Group, Inc. (PNTG) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNTG and VXX?
On 3 years of weekly data the PNTG/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.31). The 5-year figure is -0.27, and annualized covariance runs at -647.4 %².
VXX is close to the least connected end of PNTG's tracked universe, ranking #14 of 15. Correlation aside, the last 12 months split them widely, with PNTG ahead by 104.1 points (+54.4% versus -49.7%). One caveat on sizing: VXX is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PNTG vs VXX: side by side
| PNTG (The Pennant Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +54.4% | -49.7% |
| 5-year return | +30.0% | -95.6% |
| Volatility (ann.) | 34.4% | 60.9% |
| Beta vs S&P 500 | 0.71 | -3.31 |
| Max drawdown (3Y) | -40.2% | -83.3% |
| Market cap | $1.3B | – |
| P/E (trailing) | 42.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNTG | VXX |
|---|---|---|
| 2022 | -52.4% | -23.8% |
| 2023 | +26.8% | -72.5% |
| 2024 | +90.5% | -26.2% |
| 2025 | +6.1% | -42.2% |
| 2026 | +34.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNTG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between PNTG and VXX?
The PNTG/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.16, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PNTG?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
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/pntg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pntg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PNTG correlations · VXX correlations
