EL vs VXX: Correlation
How closely do Estée Lauder Companies (The) (EL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and VXX?
On 3 years of weekly data the EL/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.33). The 5-year figure is -0.37, and annualized covariance runs at -951.2 %².
VXX is close to the least connected end of EL's tracked universe, ranking #35 of 35. The last year tells two different stories: EL led by 66.1 percentage points, +16.4% for EL against -49.7% for VXX.
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.
EL vs VXX: side by side
| EL (Estée Lauder Companies (The)) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.4% | -49.7% |
| 5-year return | -66.7% | -95.6% |
| Volatility (ann.) | 47.0% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -68.4% | -83.3% |
| Market cap | $38.4B | – |
| P/E (trailing) | 208.3 | – |
| Dividend yield | 1.33% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | EL | VXX |
|---|---|---|
| 2022 | -32.3% | -23.8% |
| 2023 | -40.1% | -72.5% |
| 2024 | -47.6% | -26.2% |
| 2025 | +42.1% | -42.2% |
| 2026 | +2.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between EL and VXX?
As of 2026-08-27, the correlation of weekly returns between EL and VXX is -0.33 over 3 years, -0.45 over 1 year and -0.37 over 5 years.
Is VXX a good diversifier for EL?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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/el-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/el-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EL correlations · VXX correlations
