VXX vs WTFC: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Wintrust Financial Corporation (WTFC) carry a correlation of -0.60, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WTFC?
On 3 years of weekly data the VXX/WTFC correlation comes out at -0.60, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.34) than the 3-year average (-0.60). The 5-year figure is -0.53, and annualized covariance runs at -1002.9 %².
Within VXX's tracked universe of 2872 assets, WTFC comes in at #2769 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WTFC outperformed by 62.4 percentage points (-49.7% for VXX against +12.7% for WTFC). Risk is not evenly split, since VXX carries 2.2 times the volatility of the other side.
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 WTFC: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | -49.7% | +12.7% |
| 5-year return | -95.6% | +127.7% |
| Volatility (ann.) | 60.9% | 27.6% |
| Beta vs S&P 500 | -3.31 | 1.06 |
| Max drawdown (3Y) | -83.3% | -31.0% |
| Market cap | – | $10.3B |
| P/E (trailing) | – | 12.3 |
| Dividend yield | 0.00% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WTFC |
|---|---|---|
| 2022 | -23.8% | -5.5% |
| 2023 | -72.5% | +12.0% |
| 2024 | -26.2% | +36.8% |
| 2025 | -42.2% | +13.9% |
| 2026 | -31.6% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WTFC good diversifiers for each other?
By historical standards, yes. A correlation of -0.60 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WTFC?
The VXX/WTFC correlation stands at -0.60 on a 3-year window (1 year: -0.34, 5 years: -0.53), computed from weekly returns as of 2026-08-27.
Is WTFC a good diversifier for VXX?
By historical standards, yes. A correlation of -0.60 means the two rarely move for the same reasons.
What does a correlation of -0.60 mean?
On the −1 to +1 scale, -0.60 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.
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Related comparisons
Hubs: VXX correlations · WTFC correlations
