VFC vs VXX: Correlation
How closely do V.F. Corporation (VFC) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VFC and VXX?
Across a 3-year window, the weekly returns of VFC and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. Stretching to 5 years gives -0.36, with an annualized covariance of -1024.3 %².
VXX is close to the least connected end of VFC's tracked universe, ranking #14 of 14. The last year tells two different stories: VFC led by 43.0 percentage points, -6.7% for VFC 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.
VFC vs VXX: side by side
| VFC (V.F. Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.7% | -49.7% |
| 5-year return | -79.1% | -95.6% |
| Volatility (ann.) | 54.9% | 60.9% |
| Beta vs S&P 500 | 1.25 | -3.31 |
| Max drawdown (3Y) | -63.7% | -83.3% |
| Market cap | $5.4B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 12.96% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VFC | VXX |
|---|---|---|
| 2022 | -60.4% | -23.8% |
| 2023 | -28.5% | -72.5% |
| 2024 | +16.6% | -26.2% |
| 2025 | -13.8% | -42.2% |
| 2026 | -23.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VFC and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, VFC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VFC and VXX?
As of 2026-08-27, the correlation of weekly returns between VFC and VXX is -0.31 over 3 years, -0.38 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for VFC?
Yes. With a correlation of -0.31, VFC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/vfc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vfc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VFC correlations · VXX correlations
