LCID vs VXX: Correlation
Measured on weekly returns over the past three years, Lucid Group, Inc. (LCID) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCID and VXX?
Across a 3-year window, the weekly returns of LCID and VXX correlate at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -861.5 %².
Out of 10 assets tracked against LCID, VXX lands near the bottom at #8. The last year tells two different stories: VXX led by 25.8 percentage points, -75.5% for LCID 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.
LCID vs VXX: side by side
| LCID (Lucid Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -75.5% | -49.7% |
| 5-year return | -97.5% | -95.6% |
| Volatility (ann.) | 78.4% | 60.9% |
| Beta vs S&P 500 | 1.25 | -3.31 |
| Max drawdown (3Y) | -92.7% | -83.3% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCID | VXX |
|---|---|---|
| 2022 | -82.0% | -23.8% |
| 2023 | -38.4% | -72.5% |
| 2024 | -28.3% | -26.2% |
| 2025 | -65.0% | -42.2% |
| 2026 | -51.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCID and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between LCID and VXX?
The LCID/VXX correlation stands at -0.18 on a 3-year window (1 year: -0.12, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LCID?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/lcid-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lcid-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LCID correlations · VXX correlations
