PVH vs VXX: Correlation
Measured on weekly returns over the past three years, PVH Corp. (PVH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PVH and VXX?
Over the past 3 years, PVH and VXX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.42 over 1 year against -0.33 over 3. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -875.1 %².
VXX is close to the least connected end of PVH's tracked universe, ranking #19 of 19. Their recent paths diverged sharply: over the last 12 months PVH outperformed by 43.1 percentage points (-6.6% for PVH 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.
PVH vs VXX: side by side
| PVH (PVH Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.6% | -49.7% |
| 5-year return | -28.0% | -95.6% |
| Volatility (ann.) | 43.7% | 60.9% |
| Beta vs S&P 500 | 1.11 | -3.31 |
| Max drawdown (3Y) | -56.9% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PVH | VXX |
|---|---|---|
| 2022 | -33.7% | -23.8% |
| 2023 | +73.3% | -72.5% |
| 2024 | -13.3% | -26.2% |
| 2025 | -36.5% | -42.2% |
| 2026 | +13.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PVH and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PVH and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.42 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for PVH?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 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/pvh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pvh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PVH correlations · VXX correlations
