VT vs VXX: Correlation
Vanguard Total World Stock ETF (VT) 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 -0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VT and VXX?
On 3 years of weekly data the VT/VXX correlation comes out at -0.80, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.79) sits close to the 3-year figure. The 5-year figure is -0.71, and annualized covariance runs at -675.2 %².
Out of 136 assets tracked against VT, VXX lands near the bottom at #136. The last year tells two different stories: VT led by 72.4 percentage points, +22.7% for VT against -49.7% for VXX. One caveat on sizing: VXX is 4.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
VT vs VXX: side by side
| VT (Vanguard Total World Stock ETF) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +22.7% | -49.7% |
| 5-year return | +67.7% | -95.6% |
| Volatility (ann.) | 13.9% | 60.9% |
| Beta vs S&P 500 | 0.92 | -3.31 |
| Max drawdown (3Y) | -16.5% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.59% | 0.00% |
| Expense ratio | 0.06% | – |
| Assets under management | $97.9B | – |
| Sector / category | ETF · Global | US Listed |
VT, Vanguard's Global Large-Stock Blend fund, carries $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | VT | VXX |
|---|---|---|
| 2022 | -18.0% | -23.8% |
| 2023 | +22.0% | -72.5% |
| 2024 | +16.5% | -26.2% |
| 2025 | +22.4% | -42.2% |
| 2026 | +15.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VT and VXX good diversifiers for each other?
Yes: at -0.80, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VT and VXX?
Using weekly returns as of 2026-08-27: -0.80 over 3 years, with -0.79 over the last year and -0.71 over 5 years.
Is VXX a good diversifier for VT?
Yes: at -0.80, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.80 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VT correlations · VXX correlations
