IBKR vs VXX: Correlation
Measured on weekly returns over the past three years, Interactive Brokers (IBKR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.46, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBKR and VXX?
Over the past 3 years, IBKR and VXX moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.54 lands near the 3-year figure. Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -957.8 %².
Among the 32 assets we track against IBKR, VXX sits near the bottom by co-movement, at rank #31. The last year tells two different stories: IBKR led by 106.7 percentage points, +57.0% for IBKR against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IBKR vs VXX: side by side
| IBKR (Interactive Brokers) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +57.0% | -49.7% |
| 5-year return | +516.0% | -95.6% |
| Volatility (ann.) | 33.9% | 60.9% |
| Beta vs S&P 500 | 1.37 | -3.31 |
| Max drawdown (3Y) | -38.7% | -83.3% |
| Market cap | $164.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.34% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | IBKR | VXX |
|---|---|---|
| 2022 | -8.4% | -23.8% |
| 2023 | +15.1% | -72.5% |
| 2024 | +114.4% | -26.2% |
| 2025 | +46.4% | -42.2% |
| 2026 | +50.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBKR and VXX good diversifiers for each other?
Yes. With a correlation of -0.46, IBKR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IBKR and VXX?
The IBKR/VXX correlation stands at -0.46 on a 3-year window (1 year: -0.54, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for IBKR?
Yes. With a correlation of -0.46, IBKR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.46 mean?
A reading of -0.46 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/ibkr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibkr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IBKR correlations · VXX correlations
