LDI vs VXX: Correlation
Measured on weekly returns over the past three years, loanDepot, Inc. (LDI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDI and VXX?
On 3 years of weekly data the LDI/VXX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.22 over 3. The 5-year figure is -0.26, and annualized covariance runs at -1155.5 %².
VXX is close to the least connected end of LDI's tracked universe, ranking #11 of 13. Neither side won the trailing year by much: -53.7% against -49.7%.
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.
LDI vs VXX: side by side
| LDI (loanDepot, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -53.7% | -49.7% |
| 5-year return | -87.7% | -95.6% |
| Volatility (ann.) | 85.9% | 60.9% |
| Beta vs S&P 500 | 1.47 | -3.31 |
| Max drawdown (3Y) | -81.3% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LDI | VXX |
|---|---|---|
| 2022 | -64.9% | -23.8% |
| 2023 | +113.3% | -72.5% |
| 2024 | -42.0% | -26.2% |
| 2025 | +1.5% | -42.2% |
| 2026 | -53.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDI and VXX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LDI and VXX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.32 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for LDI?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/ldi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ldi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LDI correlations · VXX correlations
