PSFE vs VXX: Correlation
Measured on weekly returns over the past three years, Paysafe Limited (PSFE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSFE and VXX?
Across a 3-year window, the weekly returns of PSFE and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.34 over 3 years. Stretching to 5 years gives -0.32, with an annualized covariance of -1262.6 %².
VXX is close to the least connected end of PSFE's tracked universe, ranking #12 of 13. Twelve-month performance is nearly a tie, at -52.2% for PSFE and -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.
PSFE vs VXX: side by side
| PSFE (Paysafe Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -52.2% | -49.7% |
| 5-year return | -93.3% | -95.6% |
| Volatility (ann.) | 60.9% | 60.9% |
| Beta vs S&P 500 | 1.61 | -3.31 |
| Max drawdown (3Y) | -76.6% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSFE | VXX |
|---|---|---|
| 2022 | -70.4% | -23.8% |
| 2023 | -7.9% | -72.5% |
| 2024 | +33.7% | -26.2% |
| 2025 | -52.7% | -42.2% |
| 2026 | -16.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSFE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between PSFE and VXX?
The PSFE/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.12, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for PSFE?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/psfe-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psfe-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PSFE correlations · VXX correlations
