VXX vs WHR: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Whirlpool Corporation (WHR) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WHR?
Over the past 3 years, VXX and WHR moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.39) sits close to the 3-year figure. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -883.9 %².
Among the 2872 assets we track against VXX, WHR ranks #1221 by 3-year correlation. The trailing year gives VXX the advantage: -49.7% versus -56.5%, a 6.8-point spread.
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 WHR: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WHR (Whirlpool Corporation) | |
|---|---|---|
| 1-year return | -49.7% | -56.5% |
| 5-year return | -95.6% | -77.3% |
| Volatility (ann.) | 60.9% | 45.6% |
| Beta vs S&P 500 | -3.31 | 1.09 |
| Max drawdown (3Y) | -83.3% | -71.1% |
| Market cap | – | $2.6B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.00% | 6.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WHR |
|---|---|---|
| 2022 | -23.8% | -37.2% |
| 2023 | -72.5% | -9.1% |
| 2024 | -26.2% | +0.6% |
| 2025 | -42.2% | -33.0% |
| 2026 | -31.6% | -44.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WHR good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WHR?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.39 over the last year and -0.34 over 5 years.
Is WHR a good diversifier for VXX?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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.
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Related comparisons
Hubs: VXX correlations · WHR correlations
