PODD vs VXX: Correlation
Measured on weekly returns over the past three years, Insulet Corporation (PODD) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PODD and VXX?
Over the past 3 years, PODD and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -568.9 %².
VXX is close to the least connected end of PODD's tracked universe, ranking #30 of 31. The trailing year gives VXX the advantage: -57.1% versus -49.7%, a 7.4-point spread. One caveat on sizing: VXX is 1.6 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.
PODD vs VXX: side by side
| PODD (Insulet Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -57.1% | -49.7% |
| 5-year return | -51.6% | -95.6% |
| Volatility (ann.) | 38.9% | 60.9% |
| Beta vs S&P 500 | 0.67 | -3.31 |
| Max drawdown (3Y) | -62.2% | -83.3% |
| Market cap | $9.9B | – |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PODD | VXX |
|---|---|---|
| 2022 | +10.6% | -23.8% |
| 2023 | -26.3% | -72.5% |
| 2024 | +20.3% | -26.2% |
| 2025 | +8.9% | -42.2% |
| 2026 | -49.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PODD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between PODD and VXX?
As of 2026-08-27, the correlation of weekly returns between PODD and VXX is -0.24 over 3 years, 0.04 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for PODD?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/podd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/podd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PODD correlations · VXX correlations
