VXX vs WTTR: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Select Water Solutions, Inc. (WTTR) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WTTR?
Over the past 3 years, VXX and WTTR moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.05) runs above the 3-year figure (-0.33). Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -899.5 %².
By 3-year correlation, WTTR places #1322 of the 2872 assets tracked against VXX. The last year tells two different stories: WTTR led by 190.1 percentage points, -49.7% for VXX against +140.4% for WTTR.
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 WTTR: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WTTR (Select Water Solutions, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +140.4% |
| 5-year return | -95.6% | +303.0% |
| Volatility (ann.) | 60.9% | 44.1% |
| Beta vs S&P 500 | -3.31 | 0.91 |
| Max drawdown (3Y) | -83.3% | -50.7% |
| Market cap | – | $2.8B |
| P/E (trailing) | – | 69.8 |
| Dividend yield | 0.00% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WTTR |
|---|---|---|
| 2022 | -23.8% | +49.2% |
| 2023 | -72.5% | -15.6% |
| 2024 | -26.2% | +79.2% |
| 2025 | -42.2% | -18.3% |
| 2026 | -31.6% | +88.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WTTR good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WTTR?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with 0.05 over the last year and -0.30 over 5 years.
Is WTTR a good diversifier for VXX?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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-wttr.json
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Related comparisons
Hubs: VXX correlations · WTTR correlations
