VXX vs WRN: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Western Copper and Gold Corporation (WRN) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WRN?
Across a 3-year window, the weekly returns of VXX and WRN correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.27). Stretching to 5 years gives -0.24, with an annualized covariance of -868.7 %².
Among the 2872 assets we track against VXX, WRN ranks #638 by 3-year correlation. The last year tells two different stories: WRN led by 132.1 percentage points, -49.7% for VXX against +82.4% for WRN.
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 WRN: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WRN (Western Copper and Gold Corporation) | |
|---|---|---|
| 1-year return | -49.7% | +82.4% |
| 5-year return | -95.6% | +50.6% |
| Volatility (ann.) | 60.9% | 53.2% |
| Beta vs S&P 500 | -3.31 | 0.99 |
| Max drawdown (3Y) | -83.3% | -50.1% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 259.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WRN |
|---|---|---|
| 2022 | -23.8% | +14.1% |
| 2023 | -72.5% | -25.3% |
| 2024 | -26.2% | -21.1% |
| 2025 | -42.2% | +154.3% |
| 2026 | -31.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WRN good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WRN?
The VXX/WRN correlation stands at -0.27 on a 3-year window (1 year: -0.43, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is WRN a good diversifier for VXX?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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-wrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-wrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WRN correlations
