FIS vs VXX: Correlation
How closely do Fidelity National Information Services (FIS) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and VXX?
On 3 years of weekly data the FIS/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.28 over 3. The 5-year figure is -0.28, and annualized covariance runs at -469.0 %².
Among the 33 assets we track against FIS, VXX sits near the bottom by co-movement, at rank #29. Over the last 12 months FIS came out ahead by 9.7 percentage points (-40.0% against -49.7%). One caveat on sizing: VXX is 2.2 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.
FIS vs VXX: side by side
| FIS (Fidelity National Information Services) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -40.0% | -49.7% |
| 5-year return | -63.9% | -95.6% |
| Volatility (ann.) | 27.2% | 60.9% |
| Beta vs S&P 500 | 0.57 | -3.31 |
| Max drawdown (3Y) | -56.5% | -83.3% |
| Market cap | $20.9B | – |
| P/E (trailing) | 6.2 | – |
| Dividend yield | 4.13% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FIS | VXX |
|---|---|---|
| 2022 | -36.5% | -23.8% |
| 2023 | -8.2% | -72.5% |
| 2024 | +37.0% | -26.2% |
| 2025 | -15.8% | -42.2% |
| 2026 | -37.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between FIS and VXX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.21 over the last year and -0.28 over 5 years.
Is VXX a good diversifier for FIS?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/fis-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fis-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIS correlations · VXX correlations
