VXX vs WSFS: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and WSFS Financial Corporation (WSFS) trade together? Their weekly returns over three years give a correlation of -0.47, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WSFS?
On 3 years of weekly data the VXX/WSFS correlation comes out at -0.47, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.47 over 3 years. The 5-year figure is -0.42, and annualized covariance runs at -849.3 %².
By 3-year correlation, WSFS places #2433 of the 2872 assets tracked against VXX. Correlation aside, the last 12 months split them widely, with WSFS ahead by 83.7 points (-49.7% versus +34.0%). One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WSFS: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WSFS (WSFS Financial Corporation) | |
|---|---|---|
| 1-year return | -49.7% | +34.0% |
| 5-year return | -95.6% | +85.9% |
| Volatility (ann.) | 60.9% | 29.9% |
| Beta vs S&P 500 | -3.31 | 0.89 |
| Max drawdown (3Y) | -83.3% | -24.7% |
| Market cap | – | $4.0B |
| P/E (trailing) | – | 13.2 |
| Dividend yield | 0.00% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WSFS |
|---|---|---|
| 2022 | -23.8% | -8.4% |
| 2023 | -72.5% | +2.9% |
| 2024 | -26.2% | +17.1% |
| 2025 | -42.2% | +5.2% |
| 2026 | -31.6% | +43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WSFS good diversifiers for each other?
Yes. With a correlation of -0.47, VXX and WSFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXX and WSFS?
The VXX/WSFS correlation stands at -0.47 on a 3-year window (1 year: -0.12, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is WSFS a good diversifier for VXX?
Yes. With a correlation of -0.47, VXX and WSFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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-wsfs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-wsfs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXX correlations · WSFS correlations
