VSME vs VXX: Correlation
How closely do VS Media Holdings Limited - Class A (VSME) 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 -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VSME and VXX?
Across a 3-year window, the weekly returns of VSME and VXX correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.22 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -2800.3 %².
VXX is close to the least connected end of VSME's tracked universe, ranking #16 of 17. The last year tells two different stories: VXX led by 47.2 percentage points, -96.9% for VSME against -49.7% for VXX. Note the risk asymmetry: VSME runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
VSME vs VXX: side by side
| VSME (VS Media Holdings Limited - Class A) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -96.9% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 209.9% | 60.9% |
| Beta vs S&P 500 | 2.59 | -3.31 |
| Max drawdown (3Y) | -99.9% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VSME | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | -50.9% | -26.2% |
| 2025 | -92.2% | -42.2% |
| 2026 | -46.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VSME and VXX good diversifiers for each other?
Yes. With a correlation of -0.22, VSME and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VSME and VXX?
As of 2026-08-27, the correlation of weekly returns between VSME and VXX is -0.22 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is VXX a good diversifier for VSME?
Yes. With a correlation of -0.22, VSME and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/vsme-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vsme-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VSME correlations · VXX correlations
