JCI vs VXX: Correlation
Johnson Controls (JCI) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCI and VXX?
Across a 3-year window, the weekly returns of JCI and VXX correlate at -0.47, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.26) than the 3-year average (-0.47). Stretching to 5 years gives -0.46, with an annualized covariance of -796.9 %².
Out of 32 assets tracked against JCI, VXX lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months JCI outperformed by 80.6 percentage points (+30.9% for JCI against -49.7% for VXX). Note the risk asymmetry: VXX runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JCI vs VXX: side by side
| JCI (Johnson Controls) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.9% | -49.7% |
| 5-year return | +108.2% | -95.6% |
| Volatility (ann.) | 28.1% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -21.1% | -83.3% |
| Market cap | $86.1B | – |
| P/E (trailing) | 40.1 | – |
| Dividend yield | 1.11% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | JCI | VXX |
|---|---|---|
| 2022 | -19.3% | -23.8% |
| 2023 | -7.6% | -72.5% |
| 2024 | +39.8% | -26.2% |
| 2025 | +53.0% | -42.2% |
| 2026 | +19.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCI and VXX good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JCI and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.26 over the last year and -0.46 over 5 years.
Is VXX a good diversifier for JCI?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jci-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jci-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JCI correlations · VXX correlations
