IPGP vs VXX: Correlation
Measured on weekly returns over the past three years, IPG Photonics Corporation (IPGP) 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
How correlated are IPGP and VXX?
Across a 3-year window, the weekly returns of IPGP and VXX correlate at -0.34, 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). Stretching to 5 years gives -0.37, with an annualized covariance of -993.4 %².
Out of 18 assets tracked against IPGP, VXX lands near the bottom at #18. Their recent paths diverged sharply: over the last 12 months IPGP outperformed by 42.1 percentage points (-7.6% for IPGP 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.
IPGP vs VXX: side by side
| IPGP (IPG Photonics Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.6% | -49.7% |
| 5-year return | -55.1% | -95.6% |
| Volatility (ann.) | 48.0% | 60.9% |
| Beta vs S&P 500 | 1.24 | -3.31 |
| Max drawdown (3Y) | -55.1% | -83.3% |
| Market cap | $3.3B | – |
| P/E (trailing) | 113.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPGP | VXX |
|---|---|---|
| 2022 | -45.0% | -23.8% |
| 2023 | +14.7% | -72.5% |
| 2024 | -33.0% | -26.2% |
| 2025 | -1.5% | -42.2% |
| 2026 | +7.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPGP and VXX good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IPGP and VXX?
The IPGP/VXX correlation stands at -0.34 on a 3-year window (1 year: -0.07, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for IPGP?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
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
$ curl https://www.pairbook.io/api/v1/pairs/ipgp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipgp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IPGP correlations · VXX correlations
