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INFU vs VXX: Correlation

Measured on weekly returns over the past three years, InfuSystems Holdings, Inc. (INFU) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.34, a negative link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
-0.34
negative
Correlation (1Y)
-0.07
last 12 months
Correlation (5Y)
-0.35
long-run
Ann. covariance
-1223.0
%² · weekly, annualized

How correlated are INFU and VXX?

Over the past 3 years, INFU and VXX moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.34). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -1223.0 %².

Out of 15 assets tracked against INFU, VXX lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months INFU outperformed by 66.3 percentage points (+16.6% for INFU 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.

INFU vs VXX: side by side

INFU (InfuSystems Holdings, Inc.)VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN)
1-year return+16.6%-49.7%
5-year return-14.6%-95.6%
Volatility (ann.)58.6%60.9%
Beta vs S&P 5001.46-3.31
Max drawdown (3Y)-56.8%-83.3%
Market cap$0.2B
P/E (trailing)30.2
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: INFU -56.8% vs -83.3%Higher 5y return: INFU -14.6% vs -95.6%
-49%0%+23%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. INFU · VXX

Year-by-year returns

YearINFUVXX
2022-49.0%-23.8%
2023+21.4%-72.5%
2024-19.8%-26.2%
2025+6.2%-42.2%
2026+34.4%-31.6%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are INFU and VXX good diversifiers for each other?

Yes. With a correlation of -0.34, INFU and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.

FAQ

What is the correlation between INFU and VXX?

The INFU/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.07, 5 years: -0.35), computed from weekly returns as of 2026-08-27.

Is VXX a good diversifier for INFU?

Yes. With a correlation of -0.34, INFU and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.

What does a correlation of -0.34 mean?

On the −1 to +1 scale, -0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.

Use this data

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INFU vs VXX: 3-year weekly correlation -0.34INFU vs VXX-0.34

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Hubs: INFU correlations · VXX correlations