ITRN vs VXX: Correlation
Ituran Location and Control Ltd. (ITRN) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRN and VXX?
On 3 years of weekly data the ITRN/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.33 over 3 years. The 5-year figure is -0.33, and annualized covariance runs at -576.3 %².
VXX is close to the least connected end of ITRN's tracked universe, ranking #11 of 11. Correlation aside, the last 12 months split them widely, with ITRN ahead by 102.0 points (+52.3% versus -49.7%). Risk is not evenly split, since VXX carries 2.1 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.
ITRN vs VXX: side by side
| ITRN (Ituran Location and Control Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.3% | -49.7% |
| 5-year return | +146.4% | -95.6% |
| Volatility (ann.) | 29.1% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -26.8% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 16.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITRN | VXX |
|---|---|---|
| 2022 | -18.8% | -23.8% |
| 2023 | +32.5% | -72.5% |
| 2024 | +21.0% | -26.2% |
| 2025 | +45.6% | -42.2% |
| 2026 | +25.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRN and VXX good diversifiers for each other?
Yes. With a correlation of -0.33, ITRN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ITRN and VXX?
The ITRN/VXX correlation stands at -0.33 on a 3-year window (1 year: -0.17, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ITRN?
Yes. With a correlation of -0.33, ITRN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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/itrn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itrn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ITRN correlations · VXX correlations
