LEN vs VXX: Correlation
Measured on weekly returns over the past three years, Lennar (LEN) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and VXX?
On 3 years of weekly data the LEN/VXX correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. The 5-year figure is -0.37, and annualized covariance runs at -624.5 %².
VXX is close to the least connected end of LEN's tracked universe, ranking #39 of 40. On 12-month performance LEN holds a 14.8-point edge, -34.9% against -49.7%. 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.
LEN vs VXX: side by side
| LEN (Lennar) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -34.9% | -49.7% |
| 5-year return | -11.7% | -95.6% |
| Volatility (ann.) | 32.6% | 60.9% |
| Beta vs S&P 500 | 0.84 | -3.31 |
| Max drawdown (3Y) | -54.5% | -83.3% |
| Market cap | $20.5B | – |
| P/E (trailing) | 13.7 | – |
| Dividend yield | 2.29% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LEN | VXX |
|---|---|---|
| 2022 | -20.6% | -23.8% |
| 2023 | +66.9% | -72.5% |
| 2024 | -7.3% | -26.2% |
| 2025 | -20.8% | -42.2% |
| 2026 | -15.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and VXX good diversifiers for each other?
Yes. With a correlation of -0.31, LEN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEN and VXX?
As of 2026-08-27, the correlation of weekly returns between LEN and VXX is -0.31 over 3 years, -0.21 over 1 year and -0.37 over 5 years.
Is VXX a good diversifier for LEN?
Yes. With a correlation of -0.31, LEN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/len-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/len-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LEN correlations · VXX correlations
