FIX vs VXX: Correlation
Comfort Systems USA (FIX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIX and VXX?
Across a 3-year window, the weekly returns of FIX and VXX correlate at -0.46, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. Stretching to 5 years gives -0.44, with an annualized covariance of -1339.8 %².
VXX is close to the least connected end of FIX's tracked universe, ranking #37 of 37. Their recent paths diverged sharply: over the last 12 months FIX outperformed by 177.7 percentage points (+128.0% for FIX against -49.7% for VXX).
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.
FIX vs VXX: side by side
| FIX (Comfort Systems USA) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +128.0% | -49.7% |
| 5-year return | +2077.9% | -95.6% |
| Volatility (ann.) | 47.4% | 60.9% |
| Beta vs S&P 500 | 1.74 | -3.31 |
| Max drawdown (3Y) | -46.0% | -83.3% |
| Market cap | $56.8B | – |
| P/E (trailing) | 39.8 | – |
| Dividend yield | 0.16% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FIX | VXX |
|---|---|---|
| 2022 | +17.0% | -23.8% |
| 2023 | +79.6% | -72.5% |
| 2024 | +106.9% | -26.2% |
| 2025 | +120.9% | -42.2% |
| 2026 | +73.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIX 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 FIX and VXX?
The FIX/VXX correlation stands at -0.46 on a 3-year window (1 year: -0.41, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FIX?
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?
On the −1 to +1 scale, -0.46 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/fix-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fix-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FIX correlations · VXX correlations
