PRVA vs VXX: Correlation
How closely do Privia Health Group, Inc. (PRVA) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRVA and VXX?
Across a 3-year window, the weekly returns of PRVA and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives -0.29, with an annualized covariance of -525.9 %².
Out of 11 assets tracked against PRVA, VXX lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with PRVA ahead by 45.6 points (-4.1% versus -49.7%). Note the risk asymmetry: VXX runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PRVA vs VXX: side by side
| PRVA (Privia Health Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -4.1% | -49.7% |
| 5-year return | -36.0% | -95.6% |
| Volatility (ann.) | 34.7% | 60.9% |
| Beta vs S&P 500 | 0.73 | -3.31 |
| Max drawdown (3Y) | -40.0% | -83.3% |
| Market cap | $2.7B | – |
| P/E (trailing) | 94.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRVA | VXX |
|---|---|---|
| 2022 | -12.2% | -23.8% |
| 2023 | +1.4% | -72.5% |
| 2024 | -15.1% | -26.2% |
| 2025 | +21.3% | -42.2% |
| 2026 | -12.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRVA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRVA and VXX?
As of 2026-08-27, the correlation of weekly returns between PRVA and VXX is -0.25 over 3 years, -0.18 over 1 year and -0.29 over 5 years.
Is VXX a good diversifier for PRVA?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/prva-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prva-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRVA correlations · VXX correlations
