QNST vs VXX: Correlation
Measured on weekly returns over the past three years, QuinStreet, Inc. (QNST) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNST and VXX?
On 3 years of weekly data the QNST/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is -0.30, and annualized covariance runs at -868.8 %².
Out of 15 assets tracked against QNST, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months QNST outperformed by 71.1 percentage points (+21.4% for QNST 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.
QNST vs VXX: side by side
| QNST (QuinStreet, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.4% | -49.7% |
| 5-year return | +6.2% | -95.6% |
| Volatility (ann.) | 47.9% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -58.0% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QNST | VXX |
|---|---|---|
| 2022 | -21.1% | -23.8% |
| 2023 | -10.7% | -72.5% |
| 2024 | +80.0% | -26.2% |
| 2025 | -37.7% | -42.2% |
| 2026 | +31.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNST and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, QNST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QNST and VXX?
As of 2026-08-27, the correlation of weekly returns between QNST and VXX is -0.30 over 3 years, -0.26 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for QNST?
Yes. With a correlation of -0.30, QNST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/qnst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qnst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QNST correlations · VXX correlations
