VXX vs XTNT: Correlation
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Xtant Medical Holdings, Inc. (XTNT) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and XTNT?
Across a 3-year window, the weekly returns of VXX and XTNT correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.11) than the 3-year average (-0.26). Stretching to 5 years gives -0.23, with an annualized covariance of -990.1 %².
Within VXX's tracked universe of 2872 assets, XTNT comes in at #527 by 3-year correlation. Neither side won the trailing year by much: -49.7% against -45.9%.
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 XTNT: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | XTNT (Xtant Medical Holdings, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | -45.9% |
| 5-year return | -95.6% | -73.6% |
| Volatility (ann.) | 60.9% | 62.9% |
| Beta vs S&P 500 | -3.31 | 0.93 |
| Max drawdown (3Y) | -83.3% | -77.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | XTNT |
|---|---|---|
| 2022 | -23.8% | +17.9% |
| 2023 | -72.5% | +71.2% |
| 2024 | -26.2% | -61.1% |
| 2025 | -42.2% | +77.3% |
| 2026 | -31.6% | -57.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and XTNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between VXX and XTNT?
The VXX/XTNT correlation stands at -0.26 on a 3-year window (1 year: 0.11, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is XTNT a good diversifier for VXX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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-xtnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-xtnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · XTNT correlations
