URBN vs VXX: Correlation
Measured on weekly returns over the past three years, Urban Outfitters, Inc. (URBN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are URBN and VXX?
On 3 years of weekly data the URBN/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.39) sits close to the 3-year figure. The 5-year figure is -0.34, and annualized covariance runs at -869.5 %².
Out of 12 assets tracked against URBN, VXX lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with URBN ahead by 50.7 points (+1.0% 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.
URBN vs VXX: side by side
| URBN (Urban Outfitters, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.0% | -49.7% |
| 5-year return | +132.0% | -95.6% |
| Volatility (ann.) | 41.9% | 60.9% |
| Beta vs S&P 500 | 1.09 | -3.31 |
| Max drawdown (3Y) | -28.5% | -83.3% |
| Market cap | $6.7B | – |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | URBN | VXX |
|---|---|---|
| 2022 | -18.8% | -23.8% |
| 2023 | +49.6% | -72.5% |
| 2024 | +53.8% | -26.2% |
| 2025 | +37.1% | -42.2% |
| 2026 | +4.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are URBN and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between URBN and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.39 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for URBN?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/urbn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/urbn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: URBN correlations · VXX correlations
