LADR vs VXX: Correlation
Ladder Capital Corp (LADR) 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 LADR and VXX?
Across a 3-year window, the weekly returns of LADR and VXX correlate at -0.47, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.35) than the 3-year average (-0.47). Stretching to 5 years gives -0.47, with an annualized covariance of -544.0 %².
Among the 18 assets we track against LADR, VXX sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with LADR ahead by 43.0 points (-6.7% versus -49.7%). Note the risk asymmetry: VXX runs 3.2 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.
LADR vs VXX: side by side
| LADR (Ladder Capital Corp) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -6.7% | -49.7% |
| 5-year return | +32.1% | -95.6% |
| Volatility (ann.) | 19.1% | 60.9% |
| Beta vs S&P 500 | 0.50 | -3.31 |
| Max drawdown (3Y) | -15.3% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 9.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LADR | VXX |
|---|---|---|
| 2022 | -9.0% | -23.8% |
| 2023 | +25.2% | -72.5% |
| 2024 | +5.5% | -26.2% |
| 2025 | +6.7% | -42.2% |
| 2026 | -6.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LADR and VXX good diversifiers for each other?
Yes. With a correlation of -0.47, LADR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LADR and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.35 over the last year and -0.47 over 5 years.
Is VXX a good diversifier for LADR?
Yes. With a correlation of -0.47, LADR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 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/ladr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ladr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LADR correlations · VXX correlations
