FSI vs VXX: Correlation
How closely do Flexible Solutions International Inc. (FSI) 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 -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSI and VXX?
Over the past 3 years, FSI and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.29 over 3. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1281.0 %².
Among the 10 assets we track against FSI, VXX sits near the bottom by co-movement, at rank #10. Over the last 12 months FSI came out ahead by 11.3 percentage points (-38.4% 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.
FSI vs VXX: side by side
| FSI (Flexible Solutions International Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -38.4% | -49.7% |
| 5-year return | +71.9% | -95.6% |
| Volatility (ann.) | 73.1% | 60.9% |
| Beta vs S&P 500 | 1.39 | -3.31 |
| Max drawdown (3Y) | -56.4% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSI | VXX |
|---|---|---|
| 2022 | -20.3% | -23.8% |
| 2023 | -37.3% | -72.5% |
| 2024 | +89.0% | -26.2% |
| 2025 | +90.6% | -42.2% |
| 2026 | -11.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between FSI and VXX?
As of 2026-08-27, the correlation of weekly returns between FSI and VXX is -0.29 over 3 years, -0.32 over 1 year and -0.21 over 5 years.
Is VXX a good diversifier for FSI?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 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/fsi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSI correlations · VXX correlations
