FELE vs VXX: Correlation
How closely do Franklin Electric Co., Inc. (FELE) 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 -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FELE and VXX?
Across a 3-year window, the weekly returns of FELE and VXX correlate at -0.46, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.22) than the 3-year average (-0.46). Stretching to 5 years gives -0.45, with an annualized covariance of -641.6 %².
Among the 25 assets we track against FELE, VXX sits near the bottom by co-movement, at rank #24. Their recent paths diverged sharply: over the last 12 months FELE outperformed by 53.5 percentage points (+3.8% for FELE against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.7 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.
FELE vs VXX: side by side
| FELE (Franklin Electric Co., Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.8% | -49.7% |
| 5-year return | +25.2% | -95.6% |
| Volatility (ann.) | 22.7% | 60.9% |
| Beta vs S&P 500 | 0.79 | -3.31 |
| Max drawdown (3Y) | -23.5% | -83.3% |
| Market cap | $4.5B | – |
| P/E (trailing) | 29.4 | – |
| Dividend yield | 1.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FELE | VXX |
|---|---|---|
| 2022 | -14.9% | -23.8% |
| 2023 | +22.4% | -72.5% |
| 2024 | +1.8% | -26.2% |
| 2025 | -0.9% | -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 FELE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
FAQ
What is the correlation between FELE and VXX?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.22 over the last year and -0.45 over 5 years.
Is VXX a good diversifier for FELE?
By historical standards, yes. A correlation of -0.46 means the two rarely move for the same reasons.
What does a correlation of -0.46 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/fele-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fele-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FELE correlations · VXX correlations
