PWCM vs VXX: Correlation
Measured on weekly returns over the past three years, PowerCompute, Inc. (PWCM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PWCM and VXX?
Across a 3-year window, the weekly returns of PWCM and VXX correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Stretching to 5 years gives -0.24, with an annualized covariance of -1610.7 %².
Out of 16 assets tracked against PWCM, VXX lands near the bottom at #16. The last year tells two different stories: VXX led by 46.4 percentage points, -96.1% for PWCM against -49.7% for VXX. One caveat on sizing: PWCM is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PWCM vs VXX: side by side
| PWCM (PowerCompute, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -96.1% | -49.7% |
| 5-year return | -99.8% | -95.6% |
| Volatility (ann.) | 115.8% | 60.9% |
| Beta vs S&P 500 | 2.15 | -3.31 |
| Max drawdown (3Y) | -99.3% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PWCM | VXX |
|---|---|---|
| 2022 | -88.6% | -23.8% |
| 2023 | +11.8% | -72.5% |
| 2024 | -41.9% | -26.2% |
| 2025 | -79.3% | -42.2% |
| 2026 | -88.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PWCM and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between PWCM and VXX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.20 over the last year and -0.24 over 5 years.
Is VXX a good diversifier for PWCM?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/pwcm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pwcm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PWCM correlations · VXX correlations
