IPWR vs VXX: Correlation
Ideal Power Inc. (IPWR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPWR and VXX?
Across a 3-year window, the weekly returns of IPWR and VXX correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.23, with an annualized covariance of -1123.4 %².
Out of 13 assets tracked against IPWR, VXX lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months IPWR outperformed by 46.0 percentage points (-3.7% for IPWR 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.
IPWR vs VXX: side by side
| IPWR (Ideal Power Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.7% | -49.7% |
| 5-year return | -68.3% | -95.6% |
| Volatility (ann.) | 86.2% | 60.9% |
| Beta vs S&P 500 | 1.72 | -3.31 |
| Max drawdown (3Y) | -80.0% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPWR | VXX |
|---|---|---|
| 2022 | -11.3% | -23.8% |
| 2023 | -27.4% | -72.5% |
| 2024 | -2.8% | -26.2% |
| 2025 | -59.1% | -42.2% |
| 2026 | +60.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPWR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between IPWR and VXX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.19 over the last year and -0.23 over 5 years.
Is VXX a good diversifier for IPWR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/ipwr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipwr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IPWR correlations · VXX correlations
