PRGO vs VXX: Correlation
How closely do Perrigo Company plc (PRGO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRGO and VXX?
On 3 years of weekly data the PRGO/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.26). The 5-year figure is -0.25, and annualized covariance runs at -682.4 %².
Out of 10 assets tracked against PRGO, VXX lands near the bottom at #8. Over the last 12 months PRGO came out ahead by 13.6 percentage points (-36.1% against -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.
PRGO vs VXX: side by side
| PRGO (Perrigo Company plc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -36.1% | -49.7% |
| 5-year return | -56.9% | -95.6% |
| Volatility (ann.) | 43.6% | 60.9% |
| Beta vs S&P 500 | 0.82 | -3.31 |
| Max drawdown (3Y) | -71.6% | -83.3% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 7.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRGO | VXX |
|---|---|---|
| 2022 | -9.8% | -23.8% |
| 2023 | -2.5% | -72.5% |
| 2024 | -16.9% | -26.2% |
| 2025 | -44.0% | -42.2% |
| 2026 | +8.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRGO and VXX good diversifiers for each other?
Yes. With a correlation of -0.26, PRGO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PRGO and VXX?
As of 2026-08-27, the correlation of weekly returns between PRGO and VXX is -0.26 over 3 years, -0.42 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for PRGO?
Yes. With a correlation of -0.26, PRGO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/prgo-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prgo-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRGO correlations · VXX correlations
