POWI vs VXX: Correlation
Power Integrations, Inc. (POWI) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are POWI and VXX?
Over the past 3 years, POWI and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.38 over 3 years. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -1072.7 %².
Among the 17 assets we track against POWI, VXX sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with POWI ahead by 70.2 points (+20.5% 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.
POWI vs VXX: side by side
| POWI (Power Integrations, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.5% | -49.7% |
| 5-year return | -46.7% | -95.6% |
| Volatility (ann.) | 46.5% | 60.9% |
| Beta vs S&P 500 | 1.59 | -3.31 |
| Max drawdown (3Y) | -63.6% | -83.3% |
| Market cap | $3.1B | – |
| P/E (trailing) | 125.7 | – |
| Dividend yield | 1.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | POWI | VXX |
|---|---|---|
| 2022 | -22.1% | -23.8% |
| 2023 | +15.6% | -72.5% |
| 2024 | -24.0% | -26.2% |
| 2025 | -41.3% | -42.2% |
| 2026 | +56.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are POWI and VXX good diversifiers for each other?
Yes. With a correlation of -0.38, POWI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between POWI and VXX?
As of 2026-08-27, the correlation of weekly returns between POWI and VXX is -0.38 over 3 years, -0.19 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for POWI?
Yes. With a correlation of -0.38, POWI and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 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/powi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/powi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: POWI correlations · VXX correlations
