VSEC vs VXX: Correlation
How closely do VSE Corporation (VSEC) 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 -0.49, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VSEC and VXX?
On 3 years of weekly data the VSEC/VXX correlation comes out at -0.49, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.50) sits close to the 3-year figure. The 5-year figure is -0.46, and annualized covariance runs at -1341.5 %².
Out of 14 assets tracked against VSEC, VXX lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with VSEC ahead by 83.9 points (+34.2% 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.
VSEC vs VXX: side by side
| VSEC (VSE Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +34.2% | -49.7% |
| 5-year return | +365.5% | -95.6% |
| Volatility (ann.) | 44.9% | 60.9% |
| Beta vs S&P 500 | 1.52 | -3.31 |
| Max drawdown (3Y) | -30.3% | -83.3% |
| Market cap | $6.2B | – |
| P/E (trailing) | 72.5 | – |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VSEC | VXX |
|---|---|---|
| 2022 | -22.4% | -23.8% |
| 2023 | +38.9% | -72.5% |
| 2024 | +47.9% | -26.2% |
| 2025 | +82.3% | -42.2% |
| 2026 | +28.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VSEC and VXX good diversifiers for each other?
Yes. With a correlation of -0.49, VSEC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VSEC and VXX?
As of 2026-08-27, the correlation of weekly returns between VSEC and VXX is -0.49 over 3 years, -0.50 over 1 year and -0.46 over 5 years.
Is VXX a good diversifier for VSEC?
Yes. With a correlation of -0.49, VSEC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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/vsec-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vsec-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VSEC correlations · VXX correlations
