LBTYK vs VXX: Correlation
How closely do Liberty Global Ltd. - Class C (LBTYK) 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 -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYK and VXX?
Across a 3-year window, the weekly returns of LBTYK and VXX correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Stretching to 5 years gives -0.29, with an annualized covariance of -399.4 %².
Among the 10 assets we track against LBTYK, VXX sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with LBTYK ahead by 35.3 points (-14.4% versus -49.7%). Risk is not evenly split, since VXX carries 2.1 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.
LBTYK vs VXX: side by side
| LBTYK (Liberty Global Ltd. - Class C) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.4% | -49.7% |
| 5-year return | -31.3% | -95.6% |
| Volatility (ann.) | 29.7% | 60.9% |
| Beta vs S&P 500 | 0.45 | -3.31 |
| Max drawdown (3Y) | -36.4% | -83.3% |
| Market cap | $3.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LBTYK | VXX |
|---|---|---|
| 2022 | -30.8% | -23.8% |
| 2023 | -4.1% | -72.5% |
| 2024 | +34.6% | -26.2% |
| 2025 | -16.0% | -42.2% |
| 2026 | -6.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between LBTYK and VXX?
The LBTYK/VXX correlation stands at -0.22 on a 3-year window (1 year: -0.24, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LBTYK?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/lbtyk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lbtyk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LBTYK correlations · VXX correlations
