VRA vs VXX: Correlation
How closely do Vera Bradley, Inc. (VRA) 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 -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VRA and VXX?
Across a 3-year window, the weekly returns of VRA and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.29 over 3. Stretching to 5 years gives -0.27, with an annualized covariance of -1079.4 %².
Among the 11 assets we track against VRA, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with VRA ahead by 111.1 points (+61.4% 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.
VRA vs VXX: side by side
| VRA (Vera Bradley, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +61.4% | -49.7% |
| 5-year return | -71.6% | -95.6% |
| Volatility (ann.) | 61.5% | 60.9% |
| Beta vs S&P 500 | 1.11 | -3.31 |
| Max drawdown (3Y) | -78.8% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VRA | VXX |
|---|---|---|
| 2022 | -46.8% | -23.8% |
| 2023 | +70.0% | -72.5% |
| 2024 | -49.0% | -26.2% |
| 2025 | -38.4% | -42.2% |
| 2026 | +38.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VRA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between VRA and VXX?
The VRA/VXX correlation stands at -0.29 on a 3-year window (1 year: -0.20, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for VRA?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/vra-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vra-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VRA correlations · VXX correlations
