EMR vs VXX: Correlation
How closely do Emerson Electric (EMR) 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 -0.56, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and VXX?
Across a 3-year window, the weekly returns of EMR and VXX correlate at -0.56, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.55) sits close to the 3-year figure. Stretching to 5 years gives -0.52, with an annualized covariance of -959.1 %².
Among the 47 assets we track against EMR, VXX sits near the bottom by co-movement, at rank #47. Their recent paths diverged sharply: over the last 12 months EMR outperformed by 69.7 percentage points (+20.0% for EMR against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.2 times the volatility of the other side.
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.
EMR vs VXX: side by side
| EMR (Emerson Electric) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.0% | -49.7% |
| 5-year return | +65.4% | -95.6% |
| Volatility (ann.) | 28.3% | 60.9% |
| Beta vs S&P 500 | 1.29 | -3.31 |
| Max drawdown (3Y) | -29.6% | -83.3% |
| Market cap | $88.0B | – |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | VXX |
|---|---|---|
| 2022 | +5.7% | -23.8% |
| 2023 | +3.8% | -72.5% |
| 2024 | +29.7% | -26.2% |
| 2025 | +8.9% | -42.2% |
| 2026 | +20.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and VXX good diversifiers for each other?
Yes: at -0.56, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EMR and VXX?
Using weekly returns as of 2026-08-27: -0.56 over 3 years, with -0.55 over the last year and -0.52 over 5 years.
Is VXX a good diversifier for EMR?
Yes: at -0.56, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/emr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/emr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMR correlations · VXX correlations
