JLL vs VXX: Correlation
Measured on weekly returns over the past three years, Jones Lang LaSalle Incorporated (JLL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JLL and VXX?
Over the past 3 years, JLL and VXX moved with a correlation of -0.50, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.34 versus -0.50 over 3 years. Over 5 years the correlation is -0.49, and the annualized covariance of weekly returns is -1058.3 %².
VXX is close to the least connected end of JLL's tracked universe, ranking #25 of 26. Correlation aside, the last 12 months split them widely, with JLL ahead by 73.5 points (+23.8% versus -49.7%). Risk is not evenly split, since VXX carries 1.7 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.
JLL vs VXX: side by side
| JLL (Jones Lang LaSalle Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +23.8% | -49.7% |
| 5-year return | +55.9% | -95.6% |
| Volatility (ann.) | 34.9% | 60.9% |
| Beta vs S&P 500 | 1.30 | -3.31 |
| Max drawdown (3Y) | -30.6% | -83.3% |
| Market cap | $17.4B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JLL | VXX |
|---|---|---|
| 2022 | -40.8% | -23.8% |
| 2023 | +18.5% | -72.5% |
| 2024 | +34.0% | -26.2% |
| 2025 | +32.9% | -42.2% |
| 2026 | +12.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JLL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
FAQ
What is the correlation between JLL and VXX?
Using weekly returns as of 2026-08-27: -0.50 over 3 years, with -0.34 over the last year and -0.49 over 5 years.
Is VXX a good diversifier for JLL?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
What does a correlation of -0.50 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/jll-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jll-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JLL correlations · VXX correlations
