FAST vs VXX: Correlation
How closely do Fastenal (FAST) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FAST and VXX?
On 3 years of weekly data the FAST/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.25). The 5-year figure is -0.33, and annualized covariance runs at -368.3 %².
VXX is close to the least connected end of FAST's tracked universe, ranking #31 of 33. Correlation aside, the last 12 months split them widely, with FAST ahead by 53.8 points (+4.1% versus -49.7%). One caveat on sizing: VXX is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FAST vs VXX: side by side
| FAST (Fastenal) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +4.1% | -49.7% |
| 5-year return | +105.5% | -95.6% |
| Volatility (ann.) | 24.0% | 60.9% |
| Beta vs S&P 500 | 0.63 | -3.31 |
| Max drawdown (3Y) | -21.9% | -83.3% |
| Market cap | $58.7B | – |
| P/E (trailing) | 43.7 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FAST | VXX |
|---|---|---|
| 2022 | -24.3% | -23.8% |
| 2023 | +41.3% | -72.5% |
| 2024 | +13.5% | -26.2% |
| 2025 | +14.0% | -42.2% |
| 2026 | +29.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FAST and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, FAST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FAST and VXX?
As of 2026-08-27, the correlation of weekly returns between FAST and VXX is -0.25 over 3 years, -0.14 over 1 year and -0.33 over 5 years.
Is VXX a good diversifier for FAST?
Yes. With a correlation of -0.25, FAST and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/fast-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fast-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FAST correlations · VXX correlations
