VXX vs WGO: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Winnebago Industries, Inc. (WGO) show a negative relationship: their 3-year correlation of weekly returns is -0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WGO?
Across a 3-year window, the weekly returns of VXX and WGO correlate at -0.43, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.40) sits close to the 3-year figure. Stretching to 5 years gives -0.36, with an annualized covariance of -1129.2 %².
Within VXX's tracked universe of 2872 assets, WGO comes in at #2196 by 3-year correlation. The last year tells two different stories: WGO led by 36.4 percentage points, -49.7% for VXX against -13.3% for WGO.
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 WGO: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | -13.3% |
| 5-year return | -95.6% | -52.5% |
| Volatility (ann.) | 60.9% | 43.3% |
| Beta vs S&P 500 | -3.31 | 1.09 |
| Max drawdown (3Y) | -83.3% | -60.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WGO |
|---|---|---|
| 2022 | -23.8% | -28.7% |
| 2023 | -72.5% | +40.9% |
| 2024 | -26.2% | -33.1% |
| 2025 | -42.2% | -11.9% |
| 2026 | -31.6% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WGO?
As of 2026-08-27, the correlation of weekly returns between VXX and WGO is -0.43 over 3 years, -0.40 over 1 year and -0.36 over 5 years.
Is WGO a good diversifier for VXX?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vxx-vs-wgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxx-vs-wgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WGO correlations
