FC vs VXX: Correlation
How closely do Franklin Covey Company (FC) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FC and VXX?
Across a 3-year window, the weekly returns of FC and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.31 over 3. Stretching to 5 years gives -0.29, with an annualized covariance of -986.5 %².
VXX is close to the least connected end of FC's tracked universe, ranking #14 of 15. Correlation aside, the last 12 months split them widely, with FC ahead by 53.1 points (+3.4% versus -49.7%).
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.
FC vs VXX: side by side
| FC (Franklin Covey Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.4% | -49.7% |
| 5-year return | -52.7% | -95.6% |
| Volatility (ann.) | 52.1% | 60.9% |
| Beta vs S&P 500 | 1.11 | -3.31 |
| Max drawdown (3Y) | -74.0% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 135.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FC | VXX |
|---|---|---|
| 2022 | +0.9% | -23.8% |
| 2023 | -6.9% | -72.5% |
| 2024 | -13.7% | -26.2% |
| 2025 | -55.3% | -42.2% |
| 2026 | +21.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between FC and VXX?
The FC/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.24, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FC?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FC correlations · VXX correlations
