VIG vs VXX: Correlation
How closely do Vanguard Dividend Appreciation ETF (VIG) 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 -0.74, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VIG and VXX?
Across a 3-year window, the weekly returns of VIG and VXX correlate at -0.74, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.68 lands near the 3-year figure. Stretching to 5 years gives -0.66, with an annualized covariance of -533.0 %².
Among the 106 assets we track against VIG, VXX sits near the bottom by co-movement, at rank #106. Correlation aside, the last 12 months split them widely, with VIG ahead by 66.8 points (+17.1% versus -49.7%). Risk is not evenly split, since VXX carries 5.1 times the volatility of the other side.
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.
VIG vs VXX: side by side
| VIG (Vanguard Dividend Appreciation ETF) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.1% | -49.7% |
| 5-year return | +64.0% | -95.6% |
| Volatility (ann.) | 11.9% | 60.9% |
| Beta vs S&P 500 | 0.74 | -3.31 |
| Max drawdown (3Y) | -15.0% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.50% | 0.00% |
| Expense ratio | 0.04% | – |
| Assets under management | $130.9B | – |
| Sector / category | ETF · Dividend | US Listed |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | VIG | VXX |
|---|---|---|
| 2022 | -9.8% | -23.8% |
| 2023 | +14.5% | -72.5% |
| 2024 | +17.0% | -26.2% |
| 2025 | +14.2% | -42.2% |
| 2026 | +11.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VIG and VXX good diversifiers for each other?
Yes: at -0.74, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VIG and VXX?
The VIG/VXX correlation stands at -0.74 on a 3-year window (1 year: -0.68, 5 years: -0.66), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for VIG?
Yes: at -0.74, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.74 mean?
On the −1 to +1 scale, -0.74 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/vig-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vig-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VIG correlations · VXX correlations
