VXX vs YUM: Correlation
How closely do iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Yum! Brands (YUM) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and YUM?
On 3 years of weekly data the VXX/YUM correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. The 5-year figure is -0.35, and annualized covariance runs at -315.7 %².
By 3-year correlation, YUM places #328 of the 2872 assets tracked against VXX. The last year tells two different stories: YUM led by 55.4 percentage points, -49.7% for VXX against +5.7% for YUM. Note the risk asymmetry: VXX runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 YUM: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | YUM (Yum! Brands) | |
|---|---|---|
| 1-year return | -49.7% | +5.7% |
| 5-year return | -95.6% | +26.2% |
| Volatility (ann.) | 60.9% | 21.3% |
| Beta vs S&P 500 | -3.31 | 0.34 |
| Max drawdown (3Y) | -83.3% | -14.5% |
| Market cap | – | $41.1B |
| P/E (trailing) | – | 19.0 |
| Dividend yield | 0.00% | 0.95% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | VXX | YUM |
|---|---|---|
| 2022 | -23.8% | -6.0% |
| 2023 | -72.5% | +3.9% |
| 2024 | -26.2% | +4.7% |
| 2025 | -42.2% | +14.9% |
| 2026 | -31.6% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and YUM good diversifiers for each other?
Yes. With a correlation of -0.24, VXX and YUM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXX and YUM?
The VXX/YUM correlation stands at -0.24 on a 3-year window (1 year: -0.27, 5 years: -0.35), computed from weekly returns as of 2026-08-27.
Is YUM a good diversifier for VXX?
Yes. With a correlation of -0.24, VXX and YUM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-yum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vxx-vs-yum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VXX correlations · YUM correlations
