VXX vs WT: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and WisdomTree, Inc. (WT) show a negative relationship: their 3-year correlation of weekly returns is -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WT?
On 3 years of weekly data the VXX/WT correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.26) than the 3-year average (-0.39). The 5-year figure is -0.42, and annualized covariance runs at -811.0 %².
Among the 2872 assets we track against VXX, WT ranks #1878 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WT outperformed by 136.4 percentage points (-49.7% for VXX against +86.7% for WT). Note the risk asymmetry: VXX runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WT: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WT (WisdomTree, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +86.7% |
| 5-year return | -95.6% | +330.3% |
| Volatility (ann.) | 60.9% | 34.2% |
| Beta vs S&P 500 | -3.31 | 1.17 |
| Max drawdown (3Y) | -83.3% | -36.9% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 44.7 |
| Dividend yield | 0.00% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WT |
|---|---|---|
| 2022 | -23.8% | -8.9% |
| 2023 | -72.5% | +29.6% |
| 2024 | -26.2% | +53.5% |
| 2025 | -42.2% | +17.4% |
| 2026 | -31.6% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WT good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXX and WT?
As of 2026-08-27, the correlation of weekly returns between VXX and WT is -0.39 over 3 years, -0.26 over 1 year and -0.42 over 5 years.
Is WT a good diversifier for VXX?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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-wt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-wt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXX correlations · WT correlations
