FFIV vs VXX: Correlation
How closely do F5, Inc. (FFIV) 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 -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and VXX?
Across a 3-year window, the weekly returns of FFIV and VXX correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.24). Stretching to 5 years gives -0.28, with an annualized covariance of -385.3 %².
Among the 34 assets we track against FFIV, VXX sits near the bottom by co-movement, at rank #32. Their recent paths diverged sharply: over the last 12 months FFIV outperformed by 78.8 percentage points (+29.1% for FFIV against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.3 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.
FFIV vs VXX: side by side
| FFIV (F5, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.1% | -49.7% |
| 5-year return | +99.3% | -95.6% |
| Volatility (ann.) | 26.6% | 60.9% |
| Beta vs S&P 500 | 0.77 | -3.31 |
| Max drawdown (3Y) | -34.7% | -83.3% |
| Market cap | $23.2B | – |
| P/E (trailing) | 31.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FFIV | VXX |
|---|---|---|
| 2022 | -41.4% | -23.8% |
| 2023 | +24.7% | -72.5% |
| 2024 | +40.5% | -26.2% |
| 2025 | +1.5% | -42.2% |
| 2026 | +60.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and VXX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FFIV and VXX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.10 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for FFIV?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/ffiv-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffiv-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FFIV correlations · VXX correlations
