QGEN vs VXX: Correlation
How closely do Qiagen N.V. (QGEN) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QGEN and VXX?
Across a 3-year window, the weekly returns of QGEN and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.25, with an annualized covariance of -434.0 %².
Out of 11 assets tracked against QGEN, VXX lands near the bottom at #10. The last year tells two different stories: QGEN led by 41.7 percentage points, -8.0% for QGEN against -49.7% for VXX. Note the risk asymmetry: VXX runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
QGEN vs VXX: side by side
| QGEN (Qiagen N.V.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.0% | -49.7% |
| 5-year return | -20.9% | -95.6% |
| Volatility (ann.) | 27.8% | 60.9% |
| Beta vs S&P 500 | 0.66 | -3.31 |
| Max drawdown (3Y) | -41.4% | -83.3% |
| Market cap | $9.0B | – |
| P/E (trailing) | 22.2 | – |
| Dividend yield | 0.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QGEN | VXX |
|---|---|---|
| 2022 | -10.3% | -23.8% |
| 2023 | -12.9% | -72.5% |
| 2024 | +2.4% | -26.2% |
| 2025 | +1.5% | -42.2% |
| 2026 | -1.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QGEN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between QGEN and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.25 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for QGEN?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/qgen-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qgen-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QGEN correlations · VXX correlations
