FPH vs VXX: Correlation
Measured on weekly returns over the past three years, Five Point Holdings, LLC Class A (FPH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FPH and VXX?
Across a 3-year window, the weekly returns of FPH and VXX correlate at -0.22, 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 -0.26, with an annualized covariance of -591.8 %².
Among the 12 assets we track against FPH, VXX sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months FPH outperformed by 40.4 percentage points (-9.3% for FPH 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.
FPH vs VXX: side by side
| FPH (Five Point Holdings, LLC Class A) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.3% | -49.7% |
| 5-year return | -37.3% | -95.6% |
| Volatility (ann.) | 44.0% | 60.9% |
| Beta vs S&P 500 | 0.83 | -3.31 |
| Max drawdown (3Y) | -33.4% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | 7.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FPH | VXX |
|---|---|---|
| 2022 | -64.4% | -23.8% |
| 2023 | +31.8% | -72.5% |
| 2024 | +23.1% | -26.2% |
| 2025 | +47.9% | -42.2% |
| 2026 | -8.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FPH and VXX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FPH and VXX?
The FPH/VXX correlation stands at -0.22 on a 3-year window (1 year: -0.24, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FPH?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/fph-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fph-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FPH correlations · VXX correlations
