FOR vs VXX: Correlation
How closely do Forestar Group Inc (FOR) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOR and VXX?
On 3 years of weekly data the FOR/VXX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. The 5-year figure is -0.34, and annualized covariance runs at -745.4 %².
Out of 11 assets tracked against FOR, VXX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months FOR outperformed by 53.0 percentage points (+3.3% for FOR against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FOR vs VXX: side by side
| FOR (Forestar Group Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.3% | -49.7% |
| 5-year return | +34.9% | -95.6% |
| Volatility (ann.) | 35.8% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -54.7% | -83.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | 8.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOR | VXX |
|---|---|---|
| 2022 | -29.1% | -23.8% |
| 2023 | +114.6% | -72.5% |
| 2024 | -21.6% | -26.2% |
| 2025 | -5.0% | -42.2% |
| 2026 | +16.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOR and VXX good diversifiers for each other?
Yes. With a correlation of -0.34, FOR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FOR and VXX?
The FOR/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.26, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FOR?
Yes. With a correlation of -0.34, FOR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
A reading of -0.34 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/for-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/for-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOR correlations · VXX correlations
