LAND vs VXX: Correlation
Gl (LAND) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAND and VXX?
Over the past 3 years, LAND and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.27 over 3 years. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -445.2 %².
Out of 13 assets tracked against LAND, VXX lands near the bottom at #12. The last year tells two different stories: LAND led by 52.8 percentage points, +3.1% for LAND against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.3 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.
LAND vs VXX: side by side
| LAND (Gl) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.1% | -49.7% |
| 5-year return | -53.7% | -95.6% |
| Volatility (ann.) | 26.6% | 60.9% |
| Beta vs S&P 500 | 0.52 | -3.31 |
| Max drawdown (3Y) | -41.6% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.31% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAND | VXX |
|---|---|---|
| 2022 | -44.4% | -23.8% |
| 2023 | -18.5% | -72.5% |
| 2024 | -21.6% | -26.2% |
| 2025 | -10.7% | -42.2% |
| 2026 | +0.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAND and VXX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LAND and VXX?
The LAND/VXX correlation stands at -0.27 on a 3-year window (1 year: -0.12, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LAND?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/land-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/land-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAND correlations · VXX correlations
