BALL vs VXX: Correlation
Measured on weekly returns over the past three years, Ball Corporation (BALL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and VXX?
Over the past 3 years, BALL and VXX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -413.8 %².
VXX is close to the least connected end of BALL's tracked universe, ranking #40 of 41. Correlation aside, the last 12 months split them widely, with BALL ahead by 72.6 points (+22.9% versus -49.7%). Note the risk asymmetry: VXX runs 2.3 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.
BALL vs VXX: side by side
| BALL (Ball Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +22.9% | -49.7% |
| 5-year return | -29.3% | -95.6% |
| Volatility (ann.) | 26.9% | 60.9% |
| Beta vs S&P 500 | 0.43 | -3.31 |
| Max drawdown (3Y) | -35.6% | -83.3% |
| Market cap | $16.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.25% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | BALL | VXX |
|---|---|---|
| 2022 | -46.2% | -23.8% |
| 2023 | +14.1% | -72.5% |
| 2024 | -3.0% | -26.2% |
| 2025 | -2.4% | -42.2% |
| 2026 | +20.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, BALL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BALL and VXX?
As of 2026-08-27, the correlation of weekly returns between BALL and VXX is -0.25 over 3 years, -0.20 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for BALL?
Yes. With a correlation of -0.25, BALL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/ball-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ball-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BALL correlations · VXX correlations
