SWIM vs VXX: Correlation
How closely do Latham Group, Inc. (SWIM) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWIM and VXX?
Across a 3-year window, the weekly returns of SWIM and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.30, with an annualized covariance of -1334.1 %².
Out of 15 assets tracked against SWIM, VXX lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with SWIM ahead by 34.6 points (-15.1% versus -49.7%).
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.
SWIM vs VXX: side by side
| SWIM (Latham Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -15.1% | -49.7% |
| 5-year return | -68.5% | -95.6% |
| Volatility (ann.) | 72.5% | 60.9% |
| Beta vs S&P 500 | 1.70 | -3.31 |
| Max drawdown (3Y) | -44.5% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | 139.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SWIM | VXX |
|---|---|---|
| 2022 | -87.1% | -23.8% |
| 2023 | -18.3% | -72.5% |
| 2024 | +164.6% | -26.2% |
| 2025 | -8.8% | -42.2% |
| 2026 | +9.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWIM and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SWIM and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.31 over the last year and -0.30 over 5 years.
Is VXX a good diversifier for SWIM?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/swim-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swim-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SWIM correlations · VXX correlations
