ILMN vs VXX: Correlation
Measured on weekly returns over the past three years, Illumina, Inc. (ILMN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ILMN and VXX?
Across a 3-year window, the weekly returns of ILMN and VXX correlate at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.32 over 3. Stretching to 5 years gives -0.36, with an annualized covariance of -900.7 %².
VXX is close to the least connected end of ILMN's tracked universe, ranking #10 of 11. The last year tells two different stories: ILMN led by 178.4 percentage points, +128.7% for ILMN 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.
ILMN vs VXX: side by side
| ILMN (Illumina, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +128.7% | -49.7% |
| 5-year return | -48.8% | -95.6% |
| Volatility (ann.) | 45.9% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -57.1% | -83.3% |
| Market cap | $34.4B | – |
| P/E (trailing) | 42.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ILMN | VXX |
|---|---|---|
| 2022 | -46.9% | -23.8% |
| 2023 | -31.1% | -72.5% |
| 2024 | -1.3% | -26.2% |
| 2025 | -1.8% | -42.2% |
| 2026 | +73.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ILMN and VXX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ILMN and VXX?
As of 2026-08-27, the correlation of weekly returns between ILMN and VXX is -0.32 over 3 years, -0.26 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for ILMN?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
A reading of -0.32 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/ilmn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ilmn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ILMN correlations · VXX correlations
