VXX vs WY: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Weyerhaeuser (WY) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WY?
On 3 years of weekly data the VXX/WY correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.33). The 5-year figure is -0.37, and annualized covariance runs at -497.8 %².
By 3-year correlation, WY places #1323 of the 2872 assets tracked against VXX. The last year tells two different stories: WY led by 43.6 percentage points, -49.7% for VXX against -6.1% for WY. Risk is not evenly split, since VXX carries 2.5 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 WY: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -49.7% | -6.1% |
| 5-year return | -95.6% | -19.5% |
| Volatility (ann.) | 60.9% | 24.8% |
| Beta vs S&P 500 | -3.31 | 0.64 |
| Max drawdown (3Y) | -83.3% | -38.0% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | VXX | WY |
|---|---|---|
| 2022 | -23.8% | -20.4% |
| 2023 | -72.5% | +18.0% |
| 2024 | -26.2% | -16.6% |
| 2025 | -42.2% | -13.0% |
| 2026 | -31.6% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WY 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 WY?
The VXX/WY correlation stands at -0.33 on a 3-year window (1 year: -0.06, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is WY 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?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vxx-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxx-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · WY correlations
