TASK vs VXX: Correlation
How closely do TaskUs, Inc. (TASK) 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 -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TASK and VXX?
Over the past 3 years, TASK and VXX moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.36 over 1 year against -0.37 over 3. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -1297.5 %².
Out of 13 assets tracked against TASK, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months TASK outperformed by 22.1 percentage points (-27.6% for TASK 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.
TASK vs VXX: side by side
| TASK (TaskUs, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.6% | -49.7% |
| 5-year return | -78.6% | -95.6% |
| Volatility (ann.) | 58.0% | 60.9% |
| Beta vs S&P 500 | 1.30 | -3.31 |
| Max drawdown (3Y) | -63.0% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | 6.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TASK | VXX |
|---|---|---|
| 2022 | -68.7% | -23.8% |
| 2023 | -22.7% | -72.5% |
| 2024 | +29.6% | -26.2% |
| 2025 | -30.4% | -42.2% |
| 2026 | +6.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TASK and VXX good diversifiers for each other?
Yes. With a correlation of -0.37, TASK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TASK and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.36 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for TASK?
Yes. With a correlation of -0.37, TASK and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
On the −1 to +1 scale, -0.37 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/task-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/task-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TASK correlations · VXX correlations
