PTON vs VXX: Correlation
How closely do Peloton Interactive, Inc. (PTON) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTON and VXX?
On 3 years of weekly data the PTON/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.34 over 3. The 5-year figure is -0.26, and annualized covariance runs at -1532.8 %².
VXX is close to the least connected end of PTON's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months PTON outperformed by 18.7 percentage points (-31.0% for PTON 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.
PTON vs VXX: side by side
| PTON (Peloton Interactive, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -31.0% | -49.7% |
| 5-year return | -94.8% | -95.6% |
| Volatility (ann.) | 74.3% | 60.9% |
| Beta vs S&P 500 | 2.10 | -3.31 |
| Max drawdown (3Y) | -64.9% | -83.3% |
| Market cap | $2.3B | – |
| P/E (trailing) | 37.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PTON | VXX |
|---|---|---|
| 2022 | -77.8% | -23.8% |
| 2023 | -23.3% | -72.5% |
| 2024 | +42.9% | -26.2% |
| 2025 | -29.2% | -42.2% |
| 2026 | -14.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTON 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 PTON and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.34 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for PTON?
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/pton-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pton-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PTON correlations · VXX correlations
