FERG vs VXX: Correlation
How closely do Ferguson Enterprises (FERG) 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 -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FERG and VXX?
On 3 years of weekly data the FERG/VXX correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is -0.43, and annualized covariance runs at -707.6 %².
Among the 35 assets we track against FERG, VXX sits near the bottom by co-movement, at rank #35. The last year tells two different stories: FERG led by 50.8 percentage points, +1.1% for FERG against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.0 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.
FERG vs VXX: side by side
| FERG (Ferguson Enterprises) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +1.1% | -49.7% |
| 5-year return | +82.2% | -95.6% |
| Volatility (ann.) | 30.0% | 60.9% |
| Beta vs S&P 500 | 0.99 | -3.31 |
| Max drawdown (3Y) | -32.9% | -83.3% |
| Market cap | $45.1B | – |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FERG | VXX |
|---|---|---|
| 2022 | -27.2% | -23.8% |
| 2023 | +55.1% | -72.5% |
| 2024 | -8.6% | -26.2% |
| 2025 | +29.9% | -42.2% |
| 2026 | +6.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FERG and VXX good diversifiers for each other?
Yes. With a correlation of -0.39, FERG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FERG and VXX?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.30 over the last year and -0.43 over 5 years.
Is VXX a good diversifier for FERG?
Yes. With a correlation of -0.39, FERG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/ferg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ferg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FERG correlations · VXX correlations
