FND vs VXX: Correlation
Floor & Decor Holdings, Inc. (FND) 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 FND and VXX?
Over the past 3 years, FND and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.39 over 1 year against -0.38 over 3. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -953.1 %².
Out of 23 assets tracked against FND, VXX lands near the bottom at #22. Over the last 12 months FND came out ahead by 14.4 percentage points (-35.3% against -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.
FND vs VXX: side by side
| FND (Floor & Decor Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -35.3% | -49.7% |
| 5-year return | -56.3% | -95.6% |
| Volatility (ann.) | 40.8% | 60.9% |
| Beta vs S&P 500 | 1.32 | -3.31 |
| Max drawdown (3Y) | -67.5% | -83.3% |
| Market cap | $5.7B | – |
| P/E (trailing) | 25.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FND | VXX |
|---|---|---|
| 2022 | -46.4% | -23.8% |
| 2023 | +60.2% | -72.5% |
| 2024 | -10.6% | -26.2% |
| 2025 | -38.9% | -42.2% |
| 2026 | -12.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between FND and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.39 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for FND?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 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/fnd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FND correlations · VXX correlations
