ICHR vs VXX: Correlation
Measured on weekly returns over the past three years, Ichor Holdings (ICHR) 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 ICHR and VXX?
Across a 3-year window, the weekly returns of ICHR and VXX correlate at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.25) than the 3-year average (-0.39). Stretching to 5 years gives -0.39, with an annualized covariance of -1783.2 %².
VXX is close to the least connected end of ICHR's tracked universe, ranking #12 of 12. The last year tells two different stories: ICHR led by 289.5 percentage points, +239.8% for ICHR 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.
ICHR vs VXX: side by side
| ICHR (Ichor Holdings) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +239.8% | -49.7% |
| 5-year return | +32.8% | -95.6% |
| Volatility (ann.) | 75.0% | 60.9% |
| Beta vs S&P 500 | 2.32 | -3.31 |
| Max drawdown (3Y) | -69.1% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICHR | VXX |
|---|---|---|
| 2022 | -41.7% | -23.8% |
| 2023 | +25.4% | -72.5% |
| 2024 | -4.2% | -26.2% |
| 2025 | -42.8% | -42.2% |
| 2026 | +220.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICHR 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 ICHR and VXX?
As of 2026-08-27, the correlation of weekly returns between ICHR and VXX is -0.39 over 3 years, -0.25 over 1 year and -0.39 over 5 years.
Is VXX a good diversifier for ICHR?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ichr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ichr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ICHR correlations · VXX correlations
