FLUT vs VXX: Correlation
Flutter Entertainment plc (FLUT) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLUT and VXX?
Across a 3-year window, the weekly returns of FLUT and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Stretching to 5 years gives -0.34, with an annualized covariance of -789.3 %².
Out of 14 assets tracked against FLUT, VXX lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with VXX ahead by 19.2 points (-68.9% versus -49.7%).
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.
FLUT vs VXX: side by side
| FLUT (Flutter Entertainment plc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -68.9% | -49.7% |
| 5-year return | -51.0% | -95.6% |
| Volatility (ann.) | 41.7% | 60.9% |
| Beta vs S&P 500 | 1.16 | -3.31 |
| Max drawdown (3Y) | -70.1% | -83.3% |
| Market cap | $16.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLUT | VXX |
|---|---|---|
| 2022 | -14.4% | -23.8% |
| 2023 | +32.8% | -72.5% |
| 2024 | +44.4% | -26.2% |
| 2025 | -16.8% | -42.2% |
| 2026 | -55.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLUT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLUT and VXX?
The FLUT/VXX correlation stands at -0.31 on a 3-year window (1 year: -0.24, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FLUT?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/flut-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flut-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLUT correlations · VXX correlations
