VXX vs WRBY: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Warby Parker Inc. (WRBY) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WRBY?
Over the past 3 years, VXX and WRBY moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -1058.3 %².
Within VXX's tracked universe of 2872 assets, WRBY comes in at #765 by 3-year correlation. The last year tells two different stories: WRBY led by 45.0 percentage points, -49.7% for VXX against -4.7% for WRBY.
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 WRBY: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WRBY (Warby Parker Inc.) | |
|---|---|---|
| 1-year return | -49.7% | -4.7% |
| 5-year return | -95.6% | -53.6% |
| Volatility (ann.) | 60.9% | 62.2% |
| Beta vs S&P 500 | -3.31 | 1.49 |
| Max drawdown (3Y) | -83.3% | -50.7% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 421.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WRBY |
|---|---|---|
| 2022 | -23.8% | -71.0% |
| 2023 | -72.5% | +4.5% |
| 2024 | -26.2% | +71.7% |
| 2025 | -42.2% | -10.0% |
| 2026 | -31.6% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WRBY good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WRBY?
The VXX/WRBY correlation stands at -0.28 on a 3-year window (1 year: -0.23, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is WRBY a good diversifier for VXX?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vxx-vs-wrby.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-wrby/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXX correlations · WRBY correlations
