VXX vs WIMI: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and WiMi Hologram Cloud Inc. - Class B (WIMI) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WIMI?
Over the past 3 years, VXX and WIMI moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.54) runs below the 3-year figure (-0.25). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -1847.2 %².
Among the 2872 assets we track against VXX, WIMI ranks #431 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VXX outperformed by 15.2 percentage points (-49.7% for VXX against -64.9% for WIMI). Risk is not evenly split, since WIMI carries 2.0 times the volatility of the other side.
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 WIMI: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WIMI (WiMi Hologram Cloud Inc. - Class B) | |
|---|---|---|
| 1-year return | -49.7% | -64.9% |
| 5-year return | -95.6% | -96.7% |
| Volatility (ann.) | 60.9% | 121.5% |
| Beta vs S&P 500 | -3.31 | 1.79 |
| Max drawdown (3Y) | -83.3% | -95.3% |
| Market cap | – | – |
| P/E (trailing) | – | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WIMI |
|---|---|---|
| 2022 | -23.8% | -75.7% |
| 2023 | -72.5% | +9.5% |
| 2024 | -26.2% | +128.4% |
| 2025 | -42.2% | -87.2% |
| 2026 | -31.6% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WIMI good diversifiers for each other?
Yes. With a correlation of -0.25, VXX and WIMI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXX and WIMI?
The VXX/WIMI correlation stands at -0.25 on a 3-year window (1 year: -0.54, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is WIMI a good diversifier for VXX?
Yes. With a correlation of -0.25, VXX and WIMI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vxx-vs-wimi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxx-vs-wimi/)
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Related comparisons
Hubs: VXX correlations · WIMI correlations
