PRLB vs VXX: Correlation
Measured on weekly returns over the past three years, Proto Labs, Inc. (PRLB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRLB and VXX?
Over the past 3 years, PRLB and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.41 over 3 years. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -1264.0 %².
Among the 17 assets we track against PRLB, VXX sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with PRLB ahead by 107.3 points (+57.6% versus -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.
PRLB vs VXX: side by side
| PRLB (Proto Labs, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +57.6% | -49.7% |
| 5-year return | +10.1% | -95.6% |
| Volatility (ann.) | 50.3% | 60.9% |
| Beta vs S&P 500 | 1.52 | -3.31 |
| Max drawdown (3Y) | -33.6% | -83.3% |
| Market cap | $1.9B | – |
| P/E (trailing) | 62.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRLB | VXX |
|---|---|---|
| 2022 | -50.3% | -23.8% |
| 2023 | +52.6% | -72.5% |
| 2024 | +0.3% | -26.2% |
| 2025 | +29.4% | -42.2% |
| 2026 | +58.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRLB and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PRLB and VXX?
The PRLB/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.26, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PRLB?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
A reading of -0.41 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/prlb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prlb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRLB correlations · VXX correlations
