ROKU vs VXX: Correlation
Measured on weekly returns over the past three years, Roku, Inc. (ROKU) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.53, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROKU and VXX?
Across a 3-year window, the weekly returns of ROKU and VXX correlate at -0.53, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.38) than the 3-year average (-0.53). Stretching to 5 years gives -0.42, with an annualized covariance of -1921.6 %².
Among the 14 assets we track against ROKU, VXX sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months ROKU outperformed by 112.2 percentage points (+62.5% for ROKU 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.
ROKU vs VXX: side by side
| ROKU (Roku, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +62.5% | -49.7% |
| 5-year return | -56.1% | -95.6% |
| Volatility (ann.) | 59.9% | 60.9% |
| Beta vs S&P 500 | 2.49 | -3.31 |
| Max drawdown (3Y) | -51.7% | -83.3% |
| Market cap | $23.2B | – |
| P/E (trailing) | 67.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ROKU | VXX |
|---|---|---|
| 2022 | -82.2% | -23.8% |
| 2023 | +125.2% | -72.5% |
| 2024 | -18.9% | -26.2% |
| 2025 | +45.9% | -42.2% |
| 2026 | +44.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROKU and VXX good diversifiers for each other?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ROKU and VXX?
The ROKU/VXX correlation stands at -0.53 on a 3-year window (1 year: -0.38, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ROKU?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.53 mean?
A reading of -0.53 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/roku-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/roku-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ROKU correlations · VXX correlations
