FTI vs VXX: Correlation
TechnipFMC plc (FTI) 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 -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTI and VXX?
On 3 years of weekly data the FTI/VXX correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.37 over 3 years. The 5-year figure is -0.32, and annualized covariance runs at -820.9 %².
VXX is close to the least connected end of FTI's tracked universe, ranking #14 of 14. Correlation aside, the last 12 months split them widely, with FTI ahead by 159.1 points (+109.4% versus -49.7%). Risk is not evenly split, since VXX carries 1.7 times the volatility of the other side.
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.
FTI vs VXX: side by side
| FTI (TechnipFMC plc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +109.4% | -49.7% |
| 5-year return | +1078.9% | -95.6% |
| Volatility (ann.) | 36.4% | 60.9% |
| Beta vs S&P 500 | 0.70 | -3.31 |
| Max drawdown (3Y) | -28.9% | -83.3% |
| Market cap | $29.9B | – |
| P/E (trailing) | 26.5 | – |
| Dividend yield | 0.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTI | VXX |
|---|---|---|
| 2022 | +105.9% | -23.8% |
| 2023 | +66.1% | -72.5% |
| 2024 | +44.8% | -26.2% |
| 2025 | +54.9% | -42.2% |
| 2026 | +71.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between FTI and VXX?
The FTI/VXX correlation stands at -0.37 on a 3-year window (1 year: -0.09, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FTI?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
A reading of -0.37 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/fti-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fti-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTI correlations · VXX correlations
