LEA vs VXX: Correlation
How closely do Lear Corporation (LEA) 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 -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEA and VXX?
On 3 years of weekly data the LEA/VXX correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.21) than the 3-year average (-0.35). The 5-year figure is -0.41, and annualized covariance runs at -614.1 %².
Among the 17 assets we track against LEA, VXX sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months LEA outperformed by 64.9 percentage points (+15.2% for LEA against -49.7% for VXX). One caveat on sizing: VXX is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LEA vs VXX: side by side
| LEA (Lear Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.2% | -49.7% |
| 5-year return | -13.4% | -95.6% |
| Volatility (ann.) | 28.8% | 60.9% |
| Beta vs S&P 500 | 0.61 | -3.31 |
| Max drawdown (3Y) | -47.0% | -83.3% |
| Market cap | $8.2B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.48% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEA | VXX |
|---|---|---|
| 2022 | -30.7% | -23.8% |
| 2023 | +16.4% | -72.5% |
| 2024 | -31.2% | -26.2% |
| 2025 | +24.9% | -42.2% |
| 2026 | +9.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEA and VXX good diversifiers for each other?
Yes. With a correlation of -0.35, LEA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEA and VXX?
The LEA/VXX correlation stands at -0.35 on a 3-year window (1 year: -0.21, 5 years: -0.41), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LEA?
Yes. With a correlation of -0.35, LEA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
A reading of -0.35 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/lea-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lea-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LEA correlations · VXX correlations
