IOT vs VXX: Correlation
How closely do Samsara Inc. (IOT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IOT and VXX?
Across a 3-year window, the weekly returns of IOT and VXX correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.31 over 3 years. Stretching to 5 years gives -0.34, with an annualized covariance of -1142.8 %².
VXX is close to the least connected end of IOT's tracked universe, ranking #16 of 18. The last year tells two different stories: IOT led by 67.1 percentage points, +17.4% for IOT 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.
IOT vs VXX: side by side
| IOT (Samsara Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.4% | -49.7% |
| 5-year return | +69.5% | -95.6% |
| Volatility (ann.) | 59.7% | 60.9% |
| Beta vs S&P 500 | 1.74 | -3.31 |
| Max drawdown (3Y) | -60.2% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 418.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IOT | VXX |
|---|---|---|
| 2022 | -55.8% | -23.8% |
| 2023 | +168.5% | -72.5% |
| 2024 | +30.9% | -26.2% |
| 2025 | -18.9% | -42.2% |
| 2026 | +18.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOT and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, IOT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IOT and VXX?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with 0.02 over the last year and -0.34 over 5 years.
Is VXX a good diversifier for IOT?
Yes. With a correlation of -0.31, IOT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/iot-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iot-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IOT correlations · VXX correlations
