ING vs VXX: Correlation
Measured on weekly returns over the past three years, ING Group, N.V. (ING) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.51, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ING and VXX?
Over the past 3 years, ING and VXX moved with a correlation of -0.51, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.72 versus -0.51 over 3 years. Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -852.1 %².
Out of 16 assets tracked against ING, VXX lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with ING ahead by 102.2 points (+52.5% versus -49.7%). Risk is not evenly split, since VXX carries 2.2 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.
ING vs VXX: side by side
| ING (ING Group, N.V.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.5% | -49.7% |
| 5-year return | +269.9% | -95.6% |
| Volatility (ann.) | 27.5% | 60.9% |
| Beta vs S&P 500 | 0.94 | -3.31 |
| Max drawdown (3Y) | -19.9% | -83.3% |
| Market cap | $100.1B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 3.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ING | VXX |
|---|---|---|
| 2022 | -4.2% | -23.8% |
| 2023 | +31.9% | -72.5% |
| 2024 | +12.2% | -26.2% |
| 2025 | +88.3% | -42.2% |
| 2026 | +30.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ING and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
FAQ
What is the correlation between ING and VXX?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.72 over the last year and -0.47 over 5 years.
Is VXX a good diversifier for ING?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
What does a correlation of -0.51 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/ing-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ing-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ING correlations · VXX correlations
