FLR vs VXX: Correlation
Fluor Corporation (FLR) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLR and VXX?
Across a 3-year window, the weekly returns of FLR and VXX correlate at -0.38, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.38 over 3. Stretching to 5 years gives -0.35, with an annualized covariance of -961.6 %².
Among the 10 assets we track against FLR, VXX sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months FLR outperformed by 81.3 percentage points (+31.6% for FLR 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.
FLR vs VXX: side by side
| FLR (Fluor Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.6% | -49.7% |
| 5-year return | +231.5% | -95.6% |
| Volatility (ann.) | 41.3% | 60.9% |
| Beta vs S&P 500 | 1.17 | -3.31 |
| Max drawdown (3Y) | -47.6% | -83.3% |
| Market cap | $7.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLR | VXX |
|---|---|---|
| 2022 | +39.9% | -23.8% |
| 2023 | +13.0% | -72.5% |
| 2024 | +25.9% | -26.2% |
| 2025 | -19.6% | -42.2% |
| 2026 | +36.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLR and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLR and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.33 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for FLR?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
A reading of -0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLR correlations · VXX correlations
