IART vs VXX: Correlation
How closely do Integra LifeSciences Holdings Corporation (IART) 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 -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IART and VXX?
On 3 years of weekly data the IART/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. The 5-year figure is -0.40, and annualized covariance runs at -1484.2 %².
Among the 16 assets we track against IART, VXX sits near the bottom by co-movement, at rank #16. The last year tells two different stories: IART led by 63.0 percentage points, +13.3% for IART 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.
IART vs VXX: side by side
| IART (Integra LifeSciences Holdings Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.3% | -49.7% |
| 5-year return | -77.0% | -95.6% |
| Volatility (ann.) | 58.0% | 60.9% |
| Beta vs S&P 500 | 1.66 | -3.31 |
| Max drawdown (3Y) | -80.3% | -83.3% |
| Market cap | $1.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IART | VXX |
|---|---|---|
| 2022 | -16.3% | -23.8% |
| 2023 | -22.3% | -72.5% |
| 2024 | -47.9% | -26.2% |
| 2025 | -45.2% | -42.2% |
| 2026 | +35.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IART and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between IART and VXX?
As of 2026-08-27, the correlation of weekly returns between IART and VXX is -0.42 over 3 years, -0.33 over 1 year and -0.40 over 5 years.
Is VXX a good diversifier for IART?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
A reading of -0.42 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/iart-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iart-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IART correlations · VXX correlations
