IDE vs VXX: Correlation
Measured on weekly returns over the past three years, Voya Infrastructure, Industrials and Materials Fund (IDE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.56, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDE and VXX?
Over the past 3 years, IDE and VXX moved with a correlation of -0.56, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.50 over 1 year against -0.56 over 3. Over 5 years the correlation is -0.54, and the annualized covariance of weekly returns is -553.3 %².
Among the 13 assets we track against IDE, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with IDE ahead by 66.7 points (+17.0% versus -49.7%). Risk is not evenly split, since VXX carries 3.7 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.
IDE vs VXX: side by side
| IDE (Voya Infrastructure, Industrials and Materials Fund) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.0% | -49.7% |
| 5-year return | +66.9% | -95.6% |
| Volatility (ann.) | 16.3% | 60.9% |
| Beta vs S&P 500 | 0.73 | -3.31 |
| Max drawdown (3Y) | -18.3% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDE | VXX |
|---|---|---|
| 2022 | -16.5% | -23.8% |
| 2023 | +22.0% | -72.5% |
| 2024 | +10.9% | -26.2% |
| 2025 | +34.6% | -42.2% |
| 2026 | +13.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.56 means the two rarely move for the same reasons.
FAQ
What is the correlation between IDE and VXX?
As of 2026-08-27, the correlation of weekly returns between IDE and VXX is -0.56 over 3 years, -0.50 over 1 year and -0.54 over 5 years.
Is VXX a good diversifier for IDE?
By historical standards, yes. A correlation of -0.56 means the two rarely move for the same reasons.
What does a correlation of -0.56 mean?
A reading of -0.56 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/ide-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ide-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IDE correlations · VXX correlations
