POLA vs VXX: Correlation
Measured on weekly returns over the past three years, Polar Power, Inc. (POLA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are POLA and VXX?
On 3 years of weekly data the POLA/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.25, and annualized covariance runs at -1286.5 %².
Among the 11 assets we track against POLA, VXX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with POLA ahead by 19.3 points (-30.4% 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.
POLA vs VXX: side by side
| POLA (Polar Power, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -30.4% | -49.7% |
| 5-year return | -97.1% | -95.6% |
| Volatility (ann.) | 77.1% | 60.9% |
| Beta vs S&P 500 | 1.65 | -3.31 |
| Max drawdown (3Y) | -87.6% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | POLA | VXX |
|---|---|---|
| 2022 | -64.0% | -23.8% |
| 2023 | -68.2% | -72.5% |
| 2024 | +11.5% | -26.2% |
| 2025 | -47.8% | -42.2% |
| 2026 | -13.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are POLA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between POLA and VXX?
The POLA/VXX correlation stands at -0.27 on a 3-year window (1 year: -0.25, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for POLA?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/pola-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pola-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: POLA correlations · VXX correlations
