ITT vs VXX: Correlation
ITT Inc. (ITT) 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 -0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITT and VXX?
Across a 3-year window, the weekly returns of ITT and VXX correlate at -0.59, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.45) runs above the 3-year figure (-0.59). Stretching to 5 years gives -0.58, with an annualized covariance of -989.9 %².
Out of 38 assets tracked against ITT, VXX lands near the bottom at #38. The last year tells two different stories: ITT led by 70.5 percentage points, +20.8% for ITT against -49.7% for VXX. 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.
ITT vs VXX: side by side
| ITT (ITT Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.8% | -49.7% |
| 5-year return | +124.4% | -95.6% |
| Volatility (ann.) | 27.4% | 60.9% |
| Beta vs S&P 500 | 1.33 | -3.31 |
| Max drawdown (3Y) | -29.1% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 0.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITT | VXX |
|---|---|---|
| 2022 | -19.5% | -23.8% |
| 2023 | +48.9% | -72.5% |
| 2024 | +20.9% | -26.2% |
| 2025 | +22.5% | -42.2% |
| 2026 | +20.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
FAQ
What is the correlation between ITT and VXX?
As of 2026-08-27, the correlation of weekly returns between ITT and VXX is -0.59 over 3 years, -0.45 over 1 year and -0.58 over 5 years.
Is VXX a good diversifier for ITT?
By historical standards, yes. A correlation of -0.59 means the two rarely move for the same reasons.
What does a correlation of -0.59 mean?
A reading of -0.59 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/itt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ITT correlations · VXX correlations
