PRIM vs VXX: Correlation
Measured on weekly returns over the past three years, Primoris Services Corporation (PRIM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRIM and VXX?
On 3 years of weekly data the PRIM/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.22 versus -0.42 over 3 years. The 5-year figure is -0.45, and annualized covariance runs at -1295.5 %².
Among the 20 assets we track against PRIM, VXX sits near the bottom by co-movement, at rank #20. Their recent paths diverged sharply: over the last 12 months PRIM outperformed by 15.5 percentage points (-34.2% for PRIM 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.
PRIM vs VXX: side by side
| PRIM (Primoris Services Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.2% | -49.7% |
| 5-year return | +212.4% | -95.6% |
| Volatility (ann.) | 50.6% | 60.9% |
| Beta vs S&P 500 | 1.49 | -3.31 |
| Max drawdown (3Y) | -63.1% | -83.3% |
| Market cap | $4.2B | – |
| P/E (trailing) | 30.7 | – |
| Dividend yield | 0.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRIM | VXX |
|---|---|---|
| 2022 | -7.5% | -23.8% |
| 2023 | +52.6% | -72.5% |
| 2024 | +131.1% | -26.2% |
| 2025 | +63.1% | -42.2% |
| 2026 | -37.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRIM and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRIM and VXX?
As of 2026-08-27, the correlation of weekly returns between PRIM and VXX is -0.42 over 3 years, -0.22 over 1 year and -0.45 over 5 years.
Is VXX a good diversifier for PRIM?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/prim-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prim-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRIM correlations · VXX correlations
