UPBD vs VXX: Correlation
Upbound Group, Inc. (UPBD) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UPBD and VXX?
Over the past 3 years, UPBD and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -991.5 %².
Among the 19 assets we track against UPBD, VXX sits near the bottom by co-movement, at rank #18. Correlation aside, the last 12 months split them widely, with UPBD ahead by 29.9 points (-19.8% 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.
UPBD vs VXX: side by side
| UPBD (Upbound Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.8% | -49.7% |
| 5-year return | -60.7% | -95.6% |
| Volatility (ann.) | 41.4% | 60.9% |
| Beta vs S&P 500 | 1.23 | -3.31 |
| Max drawdown (3Y) | -54.2% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 8.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UPBD | VXX |
|---|---|---|
| 2022 | -49.9% | -23.8% |
| 2023 | +57.9% | -72.5% |
| 2024 | -10.1% | -26.2% |
| 2025 | -35.4% | -42.2% |
| 2026 | +14.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UPBD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between UPBD and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.30 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for UPBD?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 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/upbd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/upbd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UPBD correlations · VXX correlations
