IBM vs VXX: Correlation
Measured on weekly returns over the past three years, IBM (IBM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBM and VXX?
Over the past 3 years, IBM and VXX moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -477.8 %².
Out of 28 assets tracked against IBM, VXX lands near the bottom at #24. The last year tells two different stories: IBM led by 49.8 percentage points, +0.1% for IBM against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.8 times the volatility of the other side.
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.
IBM vs VXX: side by side
| IBM (IBM) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.1% | -49.7% |
| 5-year return | +117.6% | -95.6% |
| Volatility (ann.) | 34.7% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -37.5% | -83.3% |
| Market cap | $225.0B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 2.93% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IBM | VXX |
|---|---|---|
| 2022 | +10.6% | -23.8% |
| 2023 | +21.8% | -72.5% |
| 2024 | +39.3% | -26.2% |
| 2025 | +38.2% | -42.2% |
| 2026 | -17.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBM and VXX good diversifiers for each other?
Yes. With a correlation of -0.23, IBM and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IBM and VXX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.27 over the last year and -0.24 over 5 years.
Is VXX a good diversifier for IBM?
Yes. With a correlation of -0.23, IBM and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/ibm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IBM correlations · VXX correlations
