FBIN vs VXX: Correlation
Measured on weekly returns over the past three years, Fortune Brands Innovations, Inc. (FBIN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIN and VXX?
On 3 years of weekly data the FBIN/VXX correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.44 over 1 year against -0.44 over 3. The 5-year figure is -0.45, and annualized covariance runs at -1043.1 %².
Among the 20 assets we track against FBIN, VXX sits near the bottom by co-movement, at rank #19. The last year tells two different stories: FBIN led by 27.6 percentage points, -22.1% for FBIN against -49.7% for VXX. One caveat on sizing: VXX is 1.6 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.
FBIN vs VXX: side by side
| FBIN (Fortune Brands Innovations, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -22.1% | -49.7% |
| 5-year return | -42.9% | -95.6% |
| Volatility (ann.) | 38.8% | 60.9% |
| Beta vs S&P 500 | 1.29 | -3.31 |
| Max drawdown (3Y) | -61.9% | -83.3% |
| Market cap | $5.4B | – |
| P/E (trailing) | 37.4 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBIN | VXX |
|---|---|---|
| 2022 | -36.5% | -23.8% |
| 2023 | +35.2% | -72.5% |
| 2024 | -9.1% | -26.2% |
| 2025 | -25.4% | -42.2% |
| 2026 | -7.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and VXX good diversifiers for each other?
Yes. With a correlation of -0.44, FBIN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FBIN and VXX?
As of 2026-08-27, the correlation of weekly returns between FBIN and VXX is -0.44 over 3 years, -0.44 over 1 year and -0.45 over 5 years.
Is VXX a good diversifier for FBIN?
Yes. With a correlation of -0.44, FBIN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 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/fbin-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbin-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FBIN correlations · VXX correlations
