JBL vs VXX: Correlation
How closely do Jabil (JBL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBL and VXX?
Over the past 3 years, JBL and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -1027.4 %².
Among the 34 assets we track against JBL, VXX sits near the bottom by co-movement, at rank #33. Correlation aside, the last 12 months split them widely, with JBL ahead by 100.1 points (+50.4% versus -49.7%). Risk is not evenly split, since VXX carries 1.5 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.
JBL vs VXX: side by side
| JBL (Jabil) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +50.4% | -49.7% |
| 5-year return | +405.5% | -95.6% |
| Volatility (ann.) | 40.6% | 60.9% |
| Beta vs S&P 500 | 1.47 | -3.31 |
| Max drawdown (3Y) | -36.8% | -83.3% |
| Market cap | $32.7B | – |
| P/E (trailing) | 38.9 | – |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | JBL | VXX |
|---|---|---|
| 2022 | -2.5% | -23.8% |
| 2023 | +87.4% | -72.5% |
| 2024 | +13.3% | -26.2% |
| 2025 | +58.7% | -42.2% |
| 2026 | +37.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBL and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JBL and VXX?
The JBL/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.41, 5 years: -0.44), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for JBL?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
A reading of -0.41 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/jbl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JBL correlations · VXX correlations
