LAC vs VXX: Correlation
How closely do Lithium Americas Corp. (LAC) 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 -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAC and VXX?
On 3 years of weekly data the LAC/VXX correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1054.6 %².
Among the 21 assets we track against LAC, VXX sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with LAC ahead by 56.1 points (+6.4% versus -49.7%). Risk is not evenly split, since LAC 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.
LAC vs VXX: side by side
| LAC (Lithium Americas Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.4% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 93.5% | 60.9% |
| Beta vs S&P 500 | 1.37 | -3.31 |
| Max drawdown (3Y) | -81.8% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAC | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | -53.6% | -26.2% |
| 2025 | +46.8% | -42.2% |
| 2026 | -27.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAC and VXX good diversifiers for each other?
Yes. With a correlation of -0.18, LAC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LAC and VXX?
As of 2026-08-27, the correlation of weekly returns between LAC and VXX is -0.18 over 3 years, -0.20 over 1 year and n/a over 5 years.
Is VXX a good diversifier for LAC?
Yes. With a correlation of -0.18, LAC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/lac-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lac-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAC correlations · VXX correlations
