VXX vs ZUMZ: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Zumiez Inc. (ZUMZ) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and ZUMZ?
Across a 3-year window, the weekly returns of VXX and ZUMZ correlate at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.38) sits close to the 3-year figure. Stretching to 5 years gives -0.32, with an annualized covariance of -981.9 %².
By 3-year correlation, ZUMZ places #1226 of the 2872 assets tracked against VXX. Correlation aside, the last 12 months split them widely, with ZUMZ ahead by 46.4 points (-49.7% versus -3.3%).
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 ZUMZ: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | ZUMZ (Zumiez Inc.) | |
|---|---|---|
| 1-year return | -49.7% | -3.3% |
| 5-year return | -95.6% | -57.5% |
| Volatility (ann.) | 60.9% | 50.2% |
| Beta vs S&P 500 | -3.31 | 1.20 |
| Max drawdown (3Y) | -83.3% | -60.2% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 24.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | ZUMZ |
|---|---|---|
| 2022 | -23.8% | -54.7% |
| 2023 | -72.5% | -6.4% |
| 2024 | -26.2% | -5.8% |
| 2025 | -42.2% | +35.9% |
| 2026 | -31.6% | -32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and ZUMZ good diversifiers for each other?
Yes. With a correlation of -0.32, VXX and ZUMZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VXX and ZUMZ?
As of 2026-08-27, the correlation of weekly returns between VXX and ZUMZ is -0.32 over 3 years, -0.38 over 1 year and -0.32 over 5 years.
Is ZUMZ a good diversifier for VXX?
Yes. With a correlation of -0.32, VXX and ZUMZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 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-zumz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/vxx-vs-zumz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VXX correlations · ZUMZ correlations
