PRAA vs VXX: Correlation
Measured on weekly returns over the past three years, PRA Group, Inc. (PRAA) 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 PRAA and VXX?
Over the past 3 years, PRAA and VXX moved with a correlation of -0.27, 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 (-0.27). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -1026.4 %².
Among the 15 assets we track against PRAA, VXX sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months PRAA outperformed by 62.6 percentage points (+12.9% for PRAA against -49.7% for VXX).
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.
PRAA vs VXX: side by side
| PRAA (PRA Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.9% | -49.7% |
| 5-year return | -53.3% | -95.6% |
| Volatility (ann.) | 62.0% | 60.9% |
| Beta vs S&P 500 | 1.15 | -3.31 |
| Max drawdown (3Y) | -62.8% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRAA | VXX |
|---|---|---|
| 2022 | -32.7% | -23.8% |
| 2023 | -22.4% | -72.5% |
| 2024 | -20.3% | -26.2% |
| 2025 | -15.3% | -42.2% |
| 2026 | +9.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRAA and VXX good diversifiers for each other?
Yes. With a correlation of -0.27, PRAA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PRAA and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.04 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for PRAA?
Yes. With a correlation of -0.27, PRAA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/praa-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/praa-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRAA correlations · VXX correlations
