VFF vs VXX: Correlation
Village Farms International, Inc. (VFF) 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 -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VFF and VXX?
On 3 years of weekly data the VFF/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.30 over 3 years. The 5-year figure is -0.26, and annualized covariance runs at -1422.0 %².
Among the 13 assets we track against VFF, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with VFF ahead by 44.1 points (-5.6% 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.
VFF vs VXX: side by side
| VFF (Village Farms International, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -5.6% | -49.7% |
| 5-year return | -69.7% | -95.6% |
| Volatility (ann.) | 78.2% | 60.9% |
| Beta vs S&P 500 | 1.61 | -3.31 |
| Max drawdown (3Y) | -68.6% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VFF | VXX |
|---|---|---|
| 2022 | -79.1% | -23.8% |
| 2023 | -43.2% | -72.5% |
| 2024 | +1.3% | -26.2% |
| 2025 | +373.4% | -42.2% |
| 2026 | -21.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VFF and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VFF and VXX?
The VFF/VXX correlation stands at -0.30 on a 3-year window (1 year: -0.16, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for VFF?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/vff-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vff-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VFF correlations · VXX correlations
