VXX vs WCC: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and WESCO International, Inc. (WCC) carry a correlation of -0.54, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WCC?
On 3 years of weekly data the VXX/WCC correlation comes out at -0.54, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.35 versus -0.54 over 3 years. The 5-year figure is -0.49, and annualized covariance runs at -1263.3 %².
Within VXX's tracked universe of 2872 assets, WCC comes in at #2678 by 3-year correlation. The last year tells two different stories: WCC led by 105.1 percentage points, -49.7% for VXX against +55.4% for WCC. One caveat on sizing: VXX is 1.6 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.
VXX vs WCC: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WCC (WESCO International, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +55.4% |
| 5-year return | -95.6% | +203.7% |
| Volatility (ann.) | 60.9% | 38.3% |
| Beta vs S&P 500 | -3.31 | 1.59 |
| Max drawdown (3Y) | -83.3% | -37.4% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 24.0 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WCC |
|---|---|---|
| 2022 | -23.8% | -4.9% |
| 2023 | -72.5% | +40.2% |
| 2024 | -26.2% | +5.1% |
| 2025 | -42.2% | +36.4% |
| 2026 | -31.6% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WCC good diversifiers for each other?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WCC?
The VXX/WCC correlation stands at -0.54 on a 3-year window (1 year: -0.35, 5 years: -0.49), computed from weekly returns as of 2026-08-27.
Is WCC a good diversifier for VXX?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
What does a correlation of -0.54 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/vxx-vs-wcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vxx-vs-wcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WCC correlations
