VXX vs WFRD: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Weatherford International plc (WFRD) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WFRD?
Across a 3-year window, the weekly returns of VXX and WFRD correlate at -0.47, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.30 versus -0.47 over 3 years. Stretching to 5 years gives -0.35, with an annualized covariance of -1321.4 %².
Among the 2872 assets we track against VXX, WFRD ranks #2431 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WFRD outperformed by 95.8 percentage points (-49.7% for VXX against +46.1% for WFRD).
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 WFRD: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WFRD (Weatherford International plc) | |
|---|---|---|
| 1-year return | -49.7% | +46.1% |
| 5-year return | -95.6% | +495.5% |
| Volatility (ann.) | 60.9% | 46.3% |
| Beta vs S&P 500 | -3.31 | 1.32 |
| Max drawdown (3Y) | -83.3% | -70.6% |
| Market cap | – | $6.6B |
| P/E (trailing) | – | 17.4 |
| Dividend yield | 0.00% | 1.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WFRD |
|---|---|---|
| 2022 | -23.8% | +83.7% |
| 2023 | -72.5% | +92.1% |
| 2024 | -26.2% | -26.4% |
| 2025 | -42.2% | +11.1% |
| 2026 | -31.6% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WFRD good diversifiers for each other?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WFRD?
The VXX/WFRD correlation stands at -0.47 on a 3-year window (1 year: -0.30, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is WFRD a good diversifier for VXX?
By historical standards, yes. A correlation of -0.47 means the two rarely move for the same reasons.
What does a correlation of -0.47 mean?
A reading of -0.47 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-wfrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-wfrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WFRD correlations
