LB vs VXX: Correlation
How closely do LandBridge Company LLC Class A Shares Representing Limited (LB) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LB and VXX?
Across a 3-year window, the weekly returns of LB and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.30). Stretching to 5 years gives n/a, with an annualized covariance of -1256.3 %².
Among the 15 assets we track against LB, VXX sits near the bottom by co-movement, at rank #14. The last year tells two different stories: LB led by 122.9 percentage points, +73.2% for LB against -49.7% for VXX.
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.
LB vs VXX: side by side
| LB (LandBridge Company LLC Class A Shares Representing Limited) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +73.2% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 63.4% | 60.9% |
| Beta vs S&P 500 | 1.65 | -3.31 |
| Max drawdown (3Y) | -48.2% | -83.3% |
| Market cap | $6.9B | – |
| P/E (trailing) | 79.0 | – |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LB | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | -23.7% | -42.2% |
| 2026 | +82.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LB and VXX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LB and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.08 over the last year and n/a over 5 years.
Is VXX a good diversifier for LB?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LB correlations · VXX correlations
