VXX vs WEST: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Westrock Coffee Company (WEST) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WEST?
Across a 3-year window, the weekly returns of VXX and WEST correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -846.6 %².
By 3-year correlation, WEST places #430 of the 2872 assets tracked against VXX. The last year tells two different stories: WEST led by 90.6 percentage points, -49.7% for VXX against +40.9% for WEST.
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 WEST: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WEST (Westrock Coffee Company) | |
|---|---|---|
| 1-year return | -49.7% | +40.9% |
| 5-year return | -95.6% | -16.8% |
| Volatility (ann.) | 60.9% | 56.4% |
| Beta vs S&P 500 | -3.31 | 0.97 |
| Max drawdown (3Y) | -83.3% | -66.7% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WEST |
|---|---|---|
| 2022 | -23.8% | +37.2% |
| 2023 | -72.5% | -23.6% |
| 2024 | -26.2% | -37.1% |
| 2025 | -42.2% | -36.6% |
| 2026 | -31.6% | +98.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WEST good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXX and WEST?
As of 2026-08-27, the correlation of weekly returns between VXX and WEST is -0.25 over 3 years, -0.29 over 1 year and -0.21 over 5 years.
Is WEST a good diversifier for VXX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: VXX correlations · WEST correlations
