PPLI vs VXX: Correlation
Measured on weekly returns over the past three years, People Incorporated (PPLI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.48, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPLI and VXX?
Across a 3-year window, the weekly returns of PPLI and VXX correlate at -0.48, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.45) sits close to the 3-year figure. Stretching to 5 years gives -0.43, with an annualized covariance of -937.4 %².
Out of 14 assets tracked against PPLI, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months PPLI outperformed by 56.7 percentage points (+7.0% for PPLI against -49.7% for VXX). One caveat on sizing: VXX is 1.9 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.
PPLI vs VXX: side by side
| PPLI (People Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.0% | -49.7% |
| 5-year return | -63.8% | -95.6% |
| Volatility (ann.) | 32.1% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -33.4% | -83.3% |
| Market cap | $2.9B | – |
| P/E (trailing) | 6.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PPLI | VXX |
|---|---|---|
| 2022 | -66.0% | -23.8% |
| 2023 | +18.0% | -72.5% |
| 2024 | -17.6% | -26.2% |
| 2025 | +10.5% | -42.2% |
| 2026 | +0.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPLI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.48 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPLI and VXX?
Using weekly returns as of 2026-08-27: -0.48 over 3 years, with -0.45 over the last year and -0.43 over 5 years.
Is VXX a good diversifier for PPLI?
By historical standards, yes. A correlation of -0.48 means the two rarely move for the same reasons.
What does a correlation of -0.48 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/ppli-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppli-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PPLI correlations · VXX correlations
