VST vs VXX: Correlation
How closely do Vistra Corp. (VST) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VST and VXX?
On 3 years of weekly data the VST/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.38). The 5-year figure is -0.30, and annualized covariance runs at -1223.4 %².
Out of 32 assets tracked against VST, VXX lands near the bottom at #30. Their recent paths diverged sharply: over the last 12 months VST outperformed by 21.9 percentage points (-27.8% for VST against -49.7% for VXX).
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.
VST vs VXX: side by side
| VST (Vistra Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -27.8% | -49.7% |
| 5-year return | +713.7% | -95.6% |
| Volatility (ann.) | 52.8% | 60.9% |
| Beta vs S&P 500 | 1.62 | -3.31 |
| Max drawdown (3Y) | -48.8% | -83.3% |
| Market cap | $46.9B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | VST | VXX |
|---|---|---|
| 2022 | +5.1% | -23.8% |
| 2023 | +70.7% | -72.5% |
| 2024 | +261.5% | -26.2% |
| 2025 | +17.7% | -42.2% |
| 2026 | -13.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VST and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VST and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.22 over the last year and -0.30 over 5 years.
Is VXX a good diversifier for VST?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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/vst-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vst-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VST correlations · VXX correlations
