LAD vs VXX: Correlation
How closely do Lithia Motors, Inc. (LAD) 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 -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAD and VXX?
Over the past 3 years, LAD and VXX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.35). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -748.6 %².
Among the 15 assets we track against LAD, VXX sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months LAD outperformed by 59.7 percentage points (+10.0% for LAD against -49.7% for VXX). 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.
LAD vs VXX: side by side
| LAD (Lithia Motors, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.0% | -49.7% |
| 5-year return | +17.3% | -95.6% |
| Volatility (ann.) | 35.4% | 60.9% |
| Beta vs S&P 500 | 1.11 | -3.31 |
| Max drawdown (3Y) | -37.8% | -83.3% |
| Market cap | $8.2B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 0.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAD | VXX |
|---|---|---|
| 2022 | -30.6% | -23.8% |
| 2023 | +62.0% | -72.5% |
| 2024 | +9.3% | -26.2% |
| 2025 | -6.3% | -42.2% |
| 2026 | +12.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAD and VXX good diversifiers for each other?
Yes. With a correlation of -0.35, LAD and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LAD and VXX?
As of 2026-08-27, the correlation of weekly returns between LAD and VXX is -0.35 over 3 years, -0.46 over 1 year and -0.34 over 5 years.
Is VXX a good diversifier for LAD?
Yes. With a correlation of -0.35, LAD and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 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/lad-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lad-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAD correlations · VXX correlations
