PSNY vs VXX: Correlation
Measured on weekly returns over the past three years, Polestar Automotive Holding UK Limited - Class A (PSNY) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSNY and VXX?
Across a 3-year window, the weekly returns of PSNY and VXX correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.20, with an annualized covariance of -1236.4 %².
Among the 10 assets we track against PSNY, VXX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with VXX ahead by 18.2 points (-67.9% versus -49.7%). Risk is not evenly split, since PSNY carries 1.5 times the volatility of the other side.
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.
PSNY vs VXX: side by side
| PSNY (Polestar Automotive Holding UK Limited - Class A) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -67.9% | -49.7% |
| 5-year return | -95.8% | -95.6% |
| Volatility (ann.) | 93.2% | 60.9% |
| Beta vs S&P 500 | 1.64 | -3.31 |
| Max drawdown (3Y) | -89.5% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSNY | VXX |
|---|---|---|
| 2022 | -54.6% | -23.8% |
| 2023 | -57.4% | -72.5% |
| 2024 | -53.5% | -26.2% |
| 2025 | -32.2% | -42.2% |
| 2026 | -41.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSNY and VXX good diversifiers for each other?
Yes. With a correlation of -0.22, PSNY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PSNY and VXX?
As of 2026-08-27, the correlation of weekly returns between PSNY and VXX is -0.22 over 3 years, -0.24 over 1 year and -0.20 over 5 years.
Is VXX a good diversifier for PSNY?
Yes. With a correlation of -0.22, PSNY and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/psny-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psny-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PSNY correlations · VXX correlations
