UWMC vs VXX: Correlation
UWM Holdings Corporation (UWMC) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UWMC and VXX?
Across a 3-year window, the weekly returns of UWMC and VXX correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.25, with an annualized covariance of -860.2 %².
VXX is close to the least connected end of UWMC's tracked universe, ranking #11 of 13. The last year tells two different stories: VXX led by 21.3 percentage points, -71.0% for UWMC 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.
UWMC vs VXX: side by side
| UWMC (UWM Holdings Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -71.0% | -49.7% |
| 5-year return | -69.4% | -95.6% |
| Volatility (ann.) | 52.6% | 60.9% |
| Beta vs S&P 500 | 0.96 | -3.31 |
| Max drawdown (3Y) | -84.9% | -83.3% |
| Market cap | $4.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 27.40% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UWMC | VXX |
|---|---|---|
| 2022 | -38.0% | -23.8% |
| 2023 | +132.1% | -72.5% |
| 2024 | -13.0% | -26.2% |
| 2025 | -19.3% | -42.2% |
| 2026 | -63.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UWMC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between UWMC and VXX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.33 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for UWMC?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/uwmc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uwmc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: UWMC correlations · VXX correlations
