VVX vs VXX: Correlation
Measured on weekly returns over the past three years, V2X, Inc. (VVX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VVX and VXX?
Across a 3-year window, the weekly returns of VVX and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Stretching to 5 years gives -0.24, with an annualized covariance of -674.7 %².
Out of 10 assets tracked against VVX, VXX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months VVX outperformed by 84.0 percentage points (+34.3% for VVX 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.
VVX vs VXX: side by side
| VVX (V2X, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +34.3% | -49.7% |
| 5-year return | +58.1% | -95.6% |
| Volatility (ann.) | 43.9% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -38.9% | -83.3% |
| Market cap | $2.5B | – |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VVX | VXX |
|---|---|---|
| 2022 | -9.8% | -23.8% |
| 2023 | +12.5% | -72.5% |
| 2024 | +3.0% | -26.2% |
| 2025 | +14.0% | -42.2% |
| 2026 | +43.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VVX and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, VVX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VVX and VXX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.19 over the last year and -0.24 over 5 years.
Is VXX a good diversifier for VVX?
Yes. With a correlation of -0.25, VVX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/vvx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vvx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VVX correlations · VXX correlations
