VXX vs WSM: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Williams-Sonoma, Inc. (WSM) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WSM?
On 3 years of weekly data the VXX/WSM correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. The 5-year figure is -0.36, and annualized covariance runs at -1036.9 %².
Within VXX's tracked universe of 2872 assets, WSM comes in at #1958 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WSM ahead by 75.5 points (-49.7% versus +25.8%).
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 WSM: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +25.8% |
| 5-year return | -95.6% | +182.0% |
| Volatility (ann.) | 60.9% | 43.0% |
| Beta vs S&P 500 | -3.31 | 1.33 |
| Max drawdown (3Y) | -83.3% | -36.8% |
| Market cap | – | $28.1B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 0.00% | 0.56% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | VXX | WSM |
|---|---|---|
| 2022 | -23.8% | -30.5% |
| 2023 | -72.5% | +80.2% |
| 2024 | -26.2% | +86.6% |
| 2025 | -42.2% | -2.1% |
| 2026 | -31.6% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WSM good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXX and WSM?
As of 2026-08-27, the correlation of weekly returns between VXX and WSM is -0.40 over 3 years, -0.39 over 1 year and -0.36 over 5 years.
Is WSM a good diversifier for VXX?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
A reading of -0.40 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-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vxx-vs-wsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WSM correlations
