FLUX vs VXX: Correlation
How closely do Flux Power Holdings, Inc. (FLUX) 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 -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLUX and VXX?
Across a 3-year window, the weekly returns of FLUX and VXX correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.25, with an annualized covariance of -1313.1 %².
VXX is close to the least connected end of FLUX's tracked universe, ranking #8 of 10. On 12-month performance VXX holds a 11.8-point edge, -61.5% against -49.7%. One caveat on sizing: FLUX is 1.7 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.
FLUX vs VXX: side by side
| FLUX (Flux Power Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -61.5% | -49.7% |
| 5-year return | -92.4% | -95.6% |
| Volatility (ann.) | 103.0% | 60.9% |
| Beta vs S&P 500 | 1.61 | -3.31 |
| Max drawdown (3Y) | -92.3% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLUX | VXX |
|---|---|---|
| 2022 | -7.5% | -23.8% |
| 2023 | +3.5% | -72.5% |
| 2024 | -61.6% | -26.2% |
| 2025 | -19.6% | -42.2% |
| 2026 | -49.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLUX and VXX good diversifiers for each other?
Yes. With a correlation of -0.21, FLUX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLUX and VXX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.19 over the last year and -0.25 over 5 years.
Is VXX a good diversifier for FLUX?
Yes. With a correlation of -0.21, FLUX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/flux-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flux-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLUX correlations · VXX correlations
