SKIN vs VXX: Correlation
SkinHealth Systems Inc. (SKIN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKIN and VXX?
Over the past 3 years, SKIN and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -1617.4 %².
Among the 10 assets we track against SKIN, VXX sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months VXX outperformed by 16.6 percentage points (-66.3% for SKIN against -49.7% for VXX). Risk is not evenly split, since SKIN carries 1.5 times the volatility of the other side.
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.
SKIN vs VXX: side by side
| SKIN (SkinHealth Systems Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -66.3% | -49.7% |
| 5-year return | -97.2% | -95.6% |
| Volatility (ann.) | 91.5% | 60.9% |
| Beta vs S&P 500 | 1.76 | -3.31 |
| Max drawdown (3Y) | -91.4% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SKIN | VXX |
|---|---|---|
| 2022 | -62.3% | -23.8% |
| 2023 | -65.8% | -72.5% |
| 2024 | -48.9% | -26.2% |
| 2025 | -12.6% | -42.2% |
| 2026 | -50.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKIN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between SKIN and VXX?
The SKIN/VXX correlation stands at -0.29 on a 3-year window (1 year: -0.34, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for SKIN?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 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/skin-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/skin-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SKIN correlations · VXX correlations
