FUL vs VXX: Correlation
Measured on weekly returns over the past three years, H. B. Fuller Company (FUL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUL and VXX?
On 3 years of weekly data the FUL/VXX correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.23) than the 3-year average (-0.39). The 5-year figure is -0.42, and annualized covariance runs at -741.1 %².
VXX is close to the least connected end of FUL's tracked universe, ranking #15 of 16. The last year tells two different stories: FUL led by 43.6 percentage points, -6.1% for FUL against -49.7% for VXX. One caveat on sizing: VXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FUL vs VXX: side by side
| FUL (H. B. Fuller Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.1% | -49.7% |
| 5-year return | -10.4% | -95.6% |
| Volatility (ann.) | 31.0% | 60.9% |
| Beta vs S&P 500 | 0.93 | -3.31 |
| Max drawdown (3Y) | -43.5% | -83.3% |
| Market cap | $3.1B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 1.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUL | VXX |
|---|---|---|
| 2022 | -10.6% | -23.8% |
| 2023 | +15.0% | -72.5% |
| 2024 | -16.2% | -26.2% |
| 2025 | -10.5% | -42.2% |
| 2026 | -3.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between FUL and VXX?
As of 2026-08-27, the correlation of weekly returns between FUL and VXX is -0.39 over 3 years, -0.23 over 1 year and -0.42 over 5 years.
Is VXX a good diversifier for FUL?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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/ful-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ful-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FUL correlations · VXX correlations
