VXX vs WEYS: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Weyco Group, Inc. (WEYS) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WEYS?
Over the past 3 years, VXX and WEYS moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -748.2 %².
By 3-year correlation, WEYS places #1528 of the 2872 assets tracked against VXX. Correlation aside, the last 12 months split them widely, with WEYS ahead by 109.4 points (-49.7% versus +59.7%). One caveat on sizing: VXX is 1.7 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 WEYS: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WEYS (Weyco Group, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +59.7% |
| 5-year return | -95.6% | +157.8% |
| Volatility (ann.) | 60.9% | 35.3% |
| Beta vs S&P 500 | -3.31 | 1.01 |
| Max drawdown (3Y) | -83.3% | -29.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 12.5 |
| Dividend yield | 0.00% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WEYS |
|---|---|---|
| 2022 | -23.8% | -8.3% |
| 2023 | -72.5% | +54.0% |
| 2024 | -26.2% | +30.4% |
| 2025 | -42.2% | -10.5% |
| 2026 | -31.6% | +49.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WEYS good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WEYS?
The VXX/WEYS correlation stands at -0.35 on a 3-year window (1 year: -0.31, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is WEYS a good diversifier for VXX?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 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-weys.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxx-vs-weys/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WEYS correlations
