VSXY vs VXX: Correlation
How closely do Victorias Secret & Co. (VSXY) 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 -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VSXY and VXX?
On 3 years of weekly data the VSXY/VXX correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. The 5-year figure is -0.33, and annualized covariance runs at -1814.9 %².
Among the 13 assets we track against VSXY, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with VSXY ahead by 343.5 points (+293.8% 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.
VSXY vs VXX: side by side
| VSXY (Victorias Secret & Co.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +293.8% | -49.7% |
| 5-year return | +34.1% | -95.6% |
| Volatility (ann.) | 74.0% | 60.9% |
| Beta vs S&P 500 | 1.73 | -3.31 |
| Max drawdown (3Y) | -69.5% | -83.3% |
| Market cap | $7.1B | – |
| P/E (trailing) | 35.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VSXY | VXX |
|---|---|---|
| 2022 | -35.6% | -23.8% |
| 2023 | -25.8% | -72.5% |
| 2024 | +56.1% | -26.2% |
| 2025 | +30.8% | -42.2% |
| 2026 | +65.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VSXY and VXX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VSXY and VXX?
The VSXY/VXX correlation stands at -0.40 on a 3-year window (1 year: -0.39, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for VSXY?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
A reading of -0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vsxy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vsxy-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VSXY correlations · VXX correlations
