LEG vs VXX: Correlation
How closely do Leggett & Platt, Incorporated (LEG) 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 -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEG and VXX?
On 3 years of weekly data the LEG/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. The 5-year figure is -0.35, and annualized covariance runs at -992.3 %².
Out of 16 assets tracked against LEG, VXX lands near the bottom at #16. The last year tells two different stories: LEG led by 62.4 percentage points, +12.7% for LEG 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.
LEG vs VXX: side by side
| LEG (Leggett & Platt, Incorporated) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.7% | -49.7% |
| 5-year return | -72.6% | -95.6% |
| Volatility (ann.) | 48.5% | 60.9% |
| Beta vs S&P 500 | 1.29 | -3.31 |
| Max drawdown (3Y) | -76.8% | -83.3% |
| Market cap | $1.3B | – |
| P/E (trailing) | 5.9 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEG | VXX |
|---|---|---|
| 2022 | -17.8% | -23.8% |
| 2023 | -13.5% | -72.5% |
| 2024 | -61.9% | -26.2% |
| 2025 | +17.0% | -42.2% |
| 2026 | +1.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEG and VXX good diversifiers for each other?
Yes. With a correlation of -0.33, LEG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEG and VXX?
As of 2026-08-27, the correlation of weekly returns between LEG and VXX is -0.33 over 3 years, -0.41 over 1 year and -0.35 over 5 years.
Is VXX a good diversifier for LEG?
Yes. With a correlation of -0.33, LEG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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/leg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/leg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LEG correlations · VXX correlations
