PRG vs VXX: Correlation
PROG Holdings, Inc. (PRG) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRG and VXX?
On 3 years of weekly data the PRG/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.21) than the 3-year average (-0.32). The 5-year figure is -0.32, and annualized covariance runs at -910.3 %².
Out of 12 assets tracked against PRG, VXX lands near the bottom at #10. The last year tells two different stories: PRG led by 63.6 percentage points, +13.9% for PRG 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.
PRG vs VXX: side by side
| PRG (PROG Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.9% | -49.7% |
| 5-year return | -13.8% | -95.6% |
| Volatility (ann.) | 46.7% | 60.9% |
| Beta vs S&P 500 | 1.07 | -3.31 |
| Max drawdown (3Y) | -51.9% | -83.3% |
| Market cap | $1.6B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 1.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRG | VXX |
|---|---|---|
| 2022 | -62.6% | -23.8% |
| 2023 | +83.0% | -72.5% |
| 2024 | +38.4% | -26.2% |
| 2025 | -29.0% | -42.2% |
| 2026 | +36.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRG and VXX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PRG and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.21 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for PRG?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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/prg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRG correlations · VXX correlations
