VSH vs VXX: Correlation
Vishay Intertechnology, Inc. (VSH) 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 -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VSH and VXX?
Across a 3-year window, the weekly returns of VSH and VXX correlate at -0.46, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.40 over 1 year against -0.46 over 3. Stretching to 5 years gives -0.45, with an annualized covariance of -1444.5 %².
Out of 16 assets tracked against VSH, VXX lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with VSH ahead by 158.3 points (+108.6% 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.
VSH vs VXX: side by side
| VSH (Vishay Intertechnology, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +108.6% | -49.7% |
| 5-year return | +55.5% | -95.6% |
| Volatility (ann.) | 51.7% | 60.9% |
| Beta vs S&P 500 | 1.86 | -3.31 |
| Max drawdown (3Y) | -60.4% | -83.3% |
| Market cap | $4.9B | – |
| P/E (trailing) | 151.1 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VSH | VXX |
|---|---|---|
| 2022 | +0.7% | -23.8% |
| 2023 | +13.0% | -72.5% |
| 2024 | -27.9% | -26.2% |
| 2025 | -12.2% | -42.2% |
| 2026 | +120.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VSH and VXX good diversifiers for each other?
Yes. With a correlation of -0.46, VSH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VSH and VXX?
As of 2026-08-27, the correlation of weekly returns between VSH and VXX is -0.46 over 3 years, -0.40 over 1 year and -0.45 over 5 years.
Is VXX a good diversifier for VSH?
Yes. With a correlation of -0.46, VSH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 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/vsh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vsh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VSH correlations · VXX correlations
