VXX vs XMTR: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Xometry, Inc. (XMTR) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and XMTR?
On 3 years of weekly data the VXX/XMTR correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.41). The 5-year figure is -0.35, and annualized covariance runs at -2098.6 %².
Among the 2872 assets we track against VXX, XMTR ranks #2049 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XMTR outperformed by 152.6 percentage points (-49.7% for VXX against +102.9% for XMTR).
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 XMTR: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | XMTR (Xometry, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +102.9% |
| 5-year return | -95.6% | +31.7% |
| Volatility (ann.) | 60.9% | 83.8% |
| Beta vs S&P 500 | -3.31 | 2.60 |
| Max drawdown (3Y) | -83.3% | -70.4% |
| Market cap | – | $5.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | XMTR |
|---|---|---|
| 2022 | -23.8% | -37.1% |
| 2023 | -72.5% | +11.4% |
| 2024 | -26.2% | +18.8% |
| 2025 | -42.2% | +39.4% |
| 2026 | -31.6% | +61.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and XMTR good diversifiers for each other?
Yes. With a correlation of -0.41, VXX and XMTR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXX and XMTR?
As of 2026-08-27, the correlation of weekly returns between VXX and XMTR is -0.41 over 3 years, -0.22 over 1 year and -0.35 over 5 years.
Is XMTR a good diversifier for VXX?
Yes. With a correlation of -0.41, VXX and XMTR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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-xmtr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vxx-vs-xmtr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · XMTR correlations
