VXX vs WYNN: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Wynn Resorts (WYNN) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and WYNN?
Over the past 3 years, VXX and WYNN moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.32). Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -677.2 %².
Within VXX's tracked universe of 2872 assets, WYNN comes in at #1222 by 3-year correlation. The last year tells two different stories: WYNN led by 26.4 percentage points, -49.7% for VXX against -23.3% for WYNN. Risk is not evenly split, since VXX carries 1.8 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 WYNN: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -49.7% | -23.3% |
| 5-year return | -95.6% | -2.9% |
| Volatility (ann.) | 60.9% | 34.7% |
| Beta vs S&P 500 | -3.31 | 0.88 |
| Max drawdown (3Y) | -83.3% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | VXX | WYNN |
|---|---|---|
| 2022 | -23.8% | -3.0% |
| 2023 | -72.5% | +11.3% |
| 2024 | -26.2% | -4.4% |
| 2025 | -42.2% | +41.0% |
| 2026 | -31.6% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and WYNN good diversifiers for each other?
Yes. With a correlation of -0.32, VXX and WYNN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXX and WYNN?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.49 over the last year and -0.32 over 5 years.
Is WYNN a good diversifier for VXX?
Yes. With a correlation of -0.32, VXX and WYNN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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-wynn.json
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[](https://www.pairbook.io/pair/vxx-vs-wynn/)
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Related comparisons
Hubs: VXX correlations · WYNN correlations
