FTK vs VXX: Correlation
Measured on weekly returns over the past three years, Flotek Industries, Inc. (FTK) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTK and VXX?
Over the past 3 years, FTK and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.27). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1392.3 %².
VXX is close to the least connected end of FTK's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months FTK outperformed by 149.9 percentage points (+100.2% for FTK 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.
FTK vs VXX: side by side
| FTK (Flotek Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +100.2% | -49.7% |
| 5-year return | +196.8% | -95.6% |
| Volatility (ann.) | 84.8% | 60.9% |
| Beta vs S&P 500 | 1.61 | -3.31 |
| Max drawdown (3Y) | -49.6% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 24.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTK | VXX |
|---|---|---|
| 2022 | -0.9% | -23.8% |
| 2023 | -41.7% | -72.5% |
| 2024 | +143.1% | -26.2% |
| 2025 | +80.8% | -42.2% |
| 2026 | +41.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between FTK and VXX?
The FTK/VXX correlation stands at -0.27 on a 3-year window (1 year: 0.01, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FTK?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/ftk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTK correlations · VXX correlations
