VTS vs VXX: Correlation
Vitesse Energy, Inc. (VTS) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTS and VXX?
Over the past 3 years, VTS and VXX moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.36). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -675.2 %².
Among the 11 assets we track against VTS, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: VTS led by 20.4 percentage points, -29.3% for VTS against -49.7% for VXX. One caveat on sizing: VXX is 2.0 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.
VTS vs VXX: side by side
| VTS (Vitesse Energy, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -29.3% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 30.6% | 60.9% |
| Beta vs S&P 500 | 0.54 | -3.31 |
| Max drawdown (3Y) | -38.4% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 11.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VTS | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +24.3% | -26.2% |
| 2025 | -15.2% | -42.2% |
| 2026 | -6.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between VTS and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is VXX a good diversifier for VTS?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
A reading of -0.36 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/vts-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vts-vs-vxx/)
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Related comparisons
Hubs: VTS correlations · VXX correlations
