JBLU vs VXX: Correlation
How closely do JetBlue Airways Corporation (JBLU) 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 -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBLU and VXX?
Across a 3-year window, the weekly returns of JBLU and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.29 over 3 years. Stretching to 5 years gives -0.32, with an annualized covariance of -1136.9 %².
Out of 10 assets tracked against JBLU, VXX lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months JBLU outperformed by 42.1 percentage points (-7.6% for JBLU 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.
JBLU vs VXX: side by side
| JBLU (JetBlue Airways Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.6% | -49.7% |
| 5-year return | -67.2% | -95.6% |
| Volatility (ann.) | 63.3% | 60.9% |
| Beta vs S&P 500 | 1.35 | -3.31 |
| Max drawdown (3Y) | -57.6% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBLU | VXX |
|---|---|---|
| 2022 | -54.5% | -23.8% |
| 2023 | -14.4% | -72.5% |
| 2024 | +41.6% | -26.2% |
| 2025 | -42.1% | -42.2% |
| 2026 | +7.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBLU and VXX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JBLU and VXX?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.43 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for JBLU?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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/jblu-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jblu-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JBLU correlations · VXX correlations
