VXX vs YETI: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and YETI Holdings, Inc. (YETI) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and YETI?
Across a 3-year window, the weekly returns of VXX and YETI correlate at -0.36, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives -0.36, with an annualized covariance of -884.3 %².
Among the 2872 assets we track against VXX, YETI ranks #1617 by 3-year correlation. The last year tells two different stories: YETI led by 65.3 percentage points, -49.7% for VXX against +15.6% for YETI. One caveat on sizing: VXX is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 YETI: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | YETI (YETI Holdings, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +15.6% |
| 5-year return | -95.6% | -58.8% |
| Volatility (ann.) | 60.9% | 39.9% |
| Beta vs S&P 500 | -3.31 | 1.17 |
| Max drawdown (3Y) | -83.3% | -49.7% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | YETI |
|---|---|---|
| 2022 | -23.8% | -50.1% |
| 2023 | -72.5% | +25.3% |
| 2024 | -26.2% | -25.6% |
| 2025 | -42.2% | +14.7% |
| 2026 | -31.6% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and YETI good diversifiers for each other?
Yes. With a correlation of -0.36, VXX and YETI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXX and YETI?
The VXX/YETI correlation stands at -0.36 on a 3-year window (1 year: -0.31, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is YETI a good diversifier for VXX?
Yes. With a correlation of -0.36, VXX and YETI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 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-yeti.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-yeti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VXX correlations · YETI correlations
