GLW vs VXX: Correlation
Measured on weekly returns over the past three years, Corning Inc. (GLW) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLW and VXX?
Over the past 3 years, GLW and VXX moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.22) runs above the 3-year figure (-0.36). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -926.6 %².
Among the 37 assets we track against GLW, VXX sits near the bottom by co-movement, at rank #37. Correlation aside, the last 12 months split them widely, with GLW ahead by 179.4 points (+129.7% versus -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.
GLW vs VXX: side by side
| GLW (Corning Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +129.7% | -49.7% |
| 5-year return | +331.4% | -95.6% |
| Volatility (ann.) | 42.1% | 60.9% |
| Beta vs S&P 500 | 1.15 | -3.31 |
| Max drawdown (3Y) | -51.5% | -83.3% |
| Market cap | $131.6B | – |
| P/E (trailing) | 70.4 | – |
| Dividend yield | 0.73% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GLW | VXX |
|---|---|---|
| 2022 | -11.6% | -23.8% |
| 2023 | -1.2% | -72.5% |
| 2024 | +60.6% | -26.2% |
| 2025 | +87.8% | -42.2% |
| 2026 | +75.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLW and VXX good diversifiers for each other?
Yes. With a correlation of -0.36, GLW and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GLW and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.22 over the last year and -0.35 over 5 years.
Is VXX a good diversifier for GLW?
Yes. With a correlation of -0.36, GLW and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glw-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glw-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLW correlations · VXX correlations
