VXX vs XPER: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Xperi Inc. (XPER) show a negative relationship: their 3-year correlation of weekly returns is -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and XPER?
Across a 3-year window, the weekly returns of VXX and XPER correlate at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.23 versus -0.41 over 3 years. Stretching to 5 years gives -0.28, with an annualized covariance of -1080.4 %².
By 3-year correlation, XPER places #2051 of the 2872 assets tracked against VXX. Their recent paths diverged sharply: over the last 12 months XPER outperformed by 49.4 percentage points (-49.7% for VXX against -0.3% for XPER).
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 XPER: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | XPER (Xperi Inc.) | |
|---|---|---|
| 1-year return | -49.7% | -0.3% |
| 5-year return | -95.6% | n/a |
| Volatility (ann.) | 60.9% | 43.6% |
| Beta vs S&P 500 | -3.31 | 1.29 |
| Max drawdown (3Y) | -83.3% | -57.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | XPER |
|---|---|---|
| 2022 | -23.8% | – |
| 2023 | -72.5% | +28.0% |
| 2024 | -26.2% | -6.8% |
| 2025 | -42.2% | -42.9% |
| 2026 | -31.6% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and XPER good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXX and XPER?
As of 2026-08-27, the correlation of weekly returns between VXX and XPER is -0.41 over 3 years, -0.23 over 1 year and -0.28 over 5 years.
Is XPER a good diversifier for VXX?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
A reading of -0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vxx-vs-xper.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vxx-vs-xper/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXX correlations · XPER correlations
