VNDA vs VXX: Correlation
Measured on weekly returns over the past three years, Vanda Pharmaceuticals Inc. (VNDA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VNDA and VXX?
On 3 years of weekly data the VNDA/VXX correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -900.3 %².
VXX is close to the least connected end of VNDA's tracked universe, ranking #13 of 13. Their recent paths diverged sharply: over the last 12 months VNDA outperformed by 67.4 percentage points (+17.7% for VNDA 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.
VNDA vs VXX: side by side
| VNDA (Vanda Pharmaceuticals Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.7% | -49.7% |
| 5-year return | -67.8% | -95.6% |
| Volatility (ann.) | 63.1% | 60.9% |
| Beta vs S&P 500 | 0.55 | -3.31 |
| Max drawdown (3Y) | -48.4% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VNDA | VXX |
|---|---|---|
| 2022 | -52.9% | -23.8% |
| 2023 | -42.9% | -72.5% |
| 2024 | +13.5% | -26.2% |
| 2025 | +84.1% | -42.2% |
| 2026 | -38.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VNDA and VXX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VNDA and VXX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.25 over the last year and -0.18 over 5 years.
Is VXX a good diversifier for VNDA?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/vnda-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vnda-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VNDA correlations · VXX correlations
