JBI vs VXX: Correlation
Measured on weekly returns over the past three years, Janus International Group, Inc. (JBI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBI and VXX?
On 3 years of weekly data the JBI/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.30). The 5-year figure is -0.32, and annualized covariance runs at -846.3 %².
Out of 11 assets tracked against JBI, VXX lands near the bottom at #10. Neither side won the trailing year by much: -52.6% against -49.7%.
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.
JBI vs VXX: side by side
| JBI (Janus International Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -52.6% | -49.7% |
| 5-year return | -66.6% | -95.6% |
| Volatility (ann.) | 46.0% | 60.9% |
| Beta vs S&P 500 | 1.01 | -3.31 |
| Max drawdown (3Y) | -69.3% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | 21.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBI | VXX |
|---|---|---|
| 2022 | -24.0% | -23.8% |
| 2023 | +37.1% | -72.5% |
| 2024 | -43.7% | -26.2% |
| 2025 | -11.0% | -42.2% |
| 2026 | -24.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBI and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JBI and VXX?
As of 2026-08-27, the correlation of weekly returns between JBI and VXX is -0.30 over 3 years, -0.49 over 1 year and -0.32 over 5 years.
Is VXX a good diversifier for JBI?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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/jbi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JBI correlations · VXX correlations
