VXX vs. NFLX
VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) is Volatility fund tracking the S&P 500 VIX Short-Term Futures Index Total Return, while NFLX (Netflix, Inc.) is a stock. Over the past 10 years, VXX returned -47.94%/yr vs 23.92%/yr for NFLX. At a correlation of -0.36, they often move in opposite directions.
Performance
VXX vs. NFLX - Performance Comparison
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Returns By Period
In the year-to-date period, VXX achieves a -8.58% return, which is significantly higher than NFLX's -14.31% return. Over the past 10 years, VXX has underperformed NFLX with an annualized return of -47.94%, while NFLX has yielded a comparatively higher 23.92% annualized return.
VXX
- 1D
- -4.42%
- 1M
- -14.70%
- YTD
- -8.58%
- 6M
- -18.05%
- 1Y
- -52.70%
- 3Y*
- -40.29%
- 5Y*
- -45.28%
- 10Y*
- -47.94%
NFLX
- 1D
- -1.14%
- 1M
- -8.25%
- YTD
- -14.31%
- 6M
- -15.60%
- 1Y
- -33.88%
- 3Y*
- 22.62%
- 5Y*
- 10.45%
- 10Y*
- 23.92%
VXX vs. NFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | -8.58% | -42.21% | -26.22% | -72.52% | -23.80% | -72.41% | 11.04% | -67.75% | 67.91% | -72.64% |
NFLX Netflix, Inc. | -14.31% | 5.19% | 83.07% | 65.11% | -51.05% | 11.41% | 67.11% | 20.89% | 39.44% | 55.06% |
Correlation
The correlation between VXX and NFLX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2009 | -0.36 |
Over the past year, the inverse relationship between VXX and NFLX has weakened: their correlation has moved from -0.36 to -0.12, meaning they move in opposite directions less often than they have historically.
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Return for Risk
VXX vs. NFLX — Risk / Return Rank
VXX
NFLX
VXX vs. NFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Netflix, Inc. (NFLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VXX | NFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.81 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.78 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.29 | -1.35 | +0.06 |
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Drawdowns
VXX vs. NFLX - Drawdown Comparison
The maximum VXX drawdown since its inception was -100.00%, which is greater than NFLX's maximum drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for VXX and NFLX.
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Drawdown Indicators
| VXX | NFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -81.99% | -18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -57.39% | -43.35% | -14.04% |
Max Drawdown (3Y)Largest decline over 3 years | -79.24% | -43.35% | -35.89% |
Max Drawdown (5Y)Largest decline over 5 years | -95.79% | -75.95% | -19.84% |
Max Drawdown (10Y)Largest decline over 10 years | -99.86% | -75.95% | -23.91% |
Current DrawdownCurrent decline from peak | -100.00% | -40.01% | -59.99% |
Average DrawdownAverage peak-to-trough decline | -95.07% | -24.91% | -70.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.90% | 25.19% | +15.71% |
Volatility
VXX vs. NFLX - Volatility Comparison
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a higher volatility of 14.13% compared to Netflix, Inc. (NFLX) at 5.85%. This indicates that VXX's price experiences larger fluctuations and is considered to be riskier than NFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VXX | NFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.13% | 5.85% | +8.28% |
Volatility (6M)Calculated over the trailing 6-month period | 42.36% | 24.58% | +17.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.64% | 33.05% | +23.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.04% | 43.09% | +24.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.83% | 41.49% | +29.34% |
Dividends
VXX vs. NFLX - Dividend Comparison
Neither VXX nor NFLX has paid dividends to shareholders.
Frequently Asked Questions
VXX and NFLX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VXX has higher volatility (14.13%) compared to NFLX (5.85%). In terms of maximum drawdown, VXX dropped -100.00% vs NFLX's -81.99%.
VXX currently has the higher Sharpe Ratio (-0.93 vs -1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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