VXX vs WDC: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Western Digital (WDC) show a negative relationship: their 3-year correlation of weekly returns is -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WDC?
Across a 3-year window, the weekly returns of VXX and WDC correlate at -0.52, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.44 over 1 year against -0.52 over 3. Stretching to 5 years gives -0.44, with an annualized covariance of -1836.7 %².
Within VXX's tracked universe of 2872 assets, WDC comes in at #2617 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WDC ahead by 524.0 points (-49.7% versus +474.3%).
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 WDC: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WDC (Western Digital) | |
|---|---|---|
| 1-year return | -49.7% | +474.3% |
| 5-year return | -95.6% | +889.2% |
| Volatility (ann.) | 60.9% | 58.0% |
| Beta vs S&P 500 | -3.31 | 2.15 |
| Max drawdown (3Y) | -83.3% | -49.6% |
| Market cap | – | $166.6B |
| P/E (trailing) | – | 17.4 |
| Dividend yield | 0.00% | 0.11% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | VXX | WDC |
|---|---|---|
| 2022 | -23.8% | -51.6% |
| 2023 | -72.5% | +66.0% |
| 2024 | -26.2% | +13.9% |
| 2025 | -42.2% | +283.7% |
| 2026 | -31.6% | +168.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WDC good diversifiers for each other?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WDC?
As of 2026-08-27, the correlation of weekly returns between VXX and WDC is -0.52 over 3 years, -0.44 over 1 year and -0.44 over 5 years.
Is WDC a good diversifier for VXX?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
What does a correlation of -0.52 mean?
A reading of -0.52 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/vxx-vs-wdc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxx-vs-wdc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXX correlations · WDC correlations
