VXX vs WWW: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Wolverine World Wide, Inc. (WWW) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WWW?
Over the past 3 years, VXX and WWW moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -1392.1 %².
Among the 2872 assets we track against VXX, WWW ranks #1960 by 3-year correlation. The trailing year gives WWW the advantage: -49.7% versus -36.4%, a 13.3-point spread.
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 WWW: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WWW (Wolverine World Wide, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | -36.4% |
| 5-year return | -95.6% | -38.6% |
| Volatility (ann.) | 60.9% | 57.1% |
| Beta vs S&P 500 | -3.31 | 1.60 |
| Max drawdown (3Y) | -83.3% | -58.0% |
| Market cap | – | $1.6B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 0.00% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | WWW |
|---|---|---|
| 2022 | -23.8% | -61.1% |
| 2023 | -72.5% | -15.6% |
| 2024 | -26.2% | +155.3% |
| 2025 | -42.2% | -16.5% |
| 2026 | -31.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WWW good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and WWW?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.36 over the last year and -0.35 over 5 years.
Is WWW a good diversifier for VXX?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: VXX correlations · WWW correlations
