KEYS vs VXX: Correlation
Measured on weekly returns over the past three years, Keysight Technologies (KEYS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.54, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and VXX?
On 3 years of weekly data the KEYS/VXX correlation comes out at -0.54, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.42) than the 3-year average (-0.54). The 5-year figure is -0.49, and annualized covariance runs at -1201.7 %².
Out of 43 assets tracked against KEYS, VXX lands near the bottom at #43. Correlation aside, the last 12 months split them widely, with KEYS ahead by 147.1 points (+97.4% versus -49.7%). Note the risk asymmetry: VXX runs 1.7 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.
KEYS vs VXX: side by side
| KEYS (Keysight Technologies) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +97.4% | -49.7% |
| 5-year return | +81.9% | -95.6% |
| Volatility (ann.) | 36.8% | 60.9% |
| Beta vs S&P 500 | 1.58 | -3.31 |
| Max drawdown (3Y) | -31.4% | -83.3% |
| Market cap | $55.5B | – |
| P/E (trailing) | 43.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | VXX |
|---|---|---|
| 2022 | -17.2% | -23.8% |
| 2023 | -7.0% | -72.5% |
| 2024 | +1.0% | -26.2% |
| 2025 | +26.5% | -42.2% |
| 2026 | +60.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
FAQ
What is the correlation between KEYS and VXX?
Using weekly returns as of 2026-08-27: -0.54 over 3 years, with -0.42 over the last year and -0.49 over 5 years.
Is VXX a good diversifier for KEYS?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
What does a correlation of -0.54 mean?
On the −1 to +1 scale, -0.54 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/keys-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/keys-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KEYS correlations · VXX correlations
