LDOS vs VXX: Correlation
How closely do Leidos (LDOS) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDOS and VXX?
Across a 3-year window, the weekly returns of LDOS and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Stretching to 5 years gives -0.26, with an annualized covariance of -545.8 %².
Among the 36 assets we track against LDOS, VXX sits near the bottom by co-movement, at rank #33. Their recent paths diverged sharply: over the last 12 months LDOS outperformed by 26.8 percentage points (-22.9% for LDOS against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LDOS vs VXX: side by side
| LDOS (Leidos) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -22.9% | -49.7% |
| 5-year return | +52.1% | -95.6% |
| Volatility (ann.) | 31.4% | 60.9% |
| Beta vs S&P 500 | 0.87 | -3.31 |
| Max drawdown (3Y) | -49.5% | -83.3% |
| Market cap | $17.6B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 1.23% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LDOS | VXX |
|---|---|---|
| 2022 | +20.0% | -23.8% |
| 2023 | +4.5% | -72.5% |
| 2024 | +34.5% | -26.2% |
| 2025 | +26.5% | -42.2% |
| 2026 | -22.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDOS and VXX good diversifiers for each other?
Yes. With a correlation of -0.28, LDOS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LDOS and VXX?
The LDOS/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.22, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LDOS?
Yes. With a correlation of -0.28, LDOS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/ldos-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ldos-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LDOS correlations · VXX correlations
