VSAT vs VXX: Correlation
ViaSat, Inc. (VSAT) 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 -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VSAT and VXX?
Over the past 3 years, VSAT and VXX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.19). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -960.5 %².
VXX is close to the least connected end of VSAT's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with VSAT ahead by 173.5 points (+123.8% 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.
VSAT vs VXX: side by side
| VSAT (ViaSat, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +123.8% | -49.7% |
| 5-year return | +40.0% | -95.6% |
| Volatility (ann.) | 82.3% | 60.9% |
| Beta vs S&P 500 | 1.26 | -3.31 |
| Max drawdown (3Y) | -76.4% | -83.3% |
| Market cap | $10.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VSAT | VXX |
|---|---|---|
| 2022 | -28.9% | -23.8% |
| 2023 | -11.7% | -72.5% |
| 2024 | -69.6% | -26.2% |
| 2025 | +304.9% | -42.2% |
| 2026 | +111.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VSAT and VXX good diversifiers for each other?
Yes. With a correlation of -0.19, VSAT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VSAT and VXX?
As of 2026-08-27, the correlation of weekly returns between VSAT and VXX is -0.19 over 3 years, -0.34 over 1 year and -0.17 over 5 years.
Is VXX a good diversifier for VSAT?
Yes. With a correlation of -0.19, VSAT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/vsat-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vsat-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VSAT correlations · VXX correlations
