VTV vs VXX: Correlation
Vanguard Value ETF (VTV) 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 -0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTV and VXX?
Over the past 3 years, VTV and VXX moved with a correlation of -0.72, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.63 lands near the 3-year figure. Over 5 years the correlation is -0.65, and the annualized covariance of weekly returns is -524.7 %².
Among the 149 assets we track against VTV, VXX sits near the bottom by co-movement, at rank #148. Correlation aside, the last 12 months split them widely, with VTV ahead by 75.4 points (+25.7% versus -49.7%). Risk is not evenly split, since VXX carries 5.1 times the volatility of the other side.
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.
VTV vs VXX: side by side
| VTV (Vanguard Value ETF) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +25.7% | -49.7% |
| 5-year return | +79.1% | -95.6% |
| Volatility (ann.) | 11.9% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -14.5% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.86% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $256.4B | – |
| Sector / category | ETF · US Style | US Listed |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | VTV | VXX |
|---|---|---|
| 2022 | -2.1% | -23.8% |
| 2023 | +9.3% | -72.5% |
| 2024 | +16.0% | -26.2% |
| 2025 | +15.3% | -42.2% |
| 2026 | +19.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTV and VXX good diversifiers for each other?
Yes: at -0.72, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VTV and VXX?
The VTV/VXX correlation stands at -0.72 on a 3-year window (1 year: -0.63, 5 years: -0.65), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for VTV?
Yes: at -0.72, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.72 mean?
A reading of -0.72 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/vtv-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vtv-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VTV correlations · VXX correlations
