LGIH vs VXX: Correlation
How closely do LGI Homes, Inc. (LGIH) 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 -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGIH and VXX?
On 3 years of weekly data the LGIH/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.19) than the 3-year average (-0.32). The 5-year figure is -0.36, and annualized covariance runs at -1042.9 %².
Out of 16 assets tracked against LGIH, VXX lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months LGIH outperformed by 40.3 percentage points (-9.4% for LGIH 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.
LGIH vs VXX: side by side
| LGIH (LGI Homes, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.4% | -49.7% |
| 5-year return | -64.2% | -95.6% |
| Volatility (ann.) | 53.2% | 60.9% |
| Beta vs S&P 500 | 1.23 | -3.31 |
| Max drawdown (3Y) | -74.8% | -83.3% |
| Market cap | $1.3B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGIH | VXX |
|---|---|---|
| 2022 | -40.1% | -23.8% |
| 2023 | +43.8% | -72.5% |
| 2024 | -32.9% | -26.2% |
| 2025 | -51.9% | -42.2% |
| 2026 | +32.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGIH and VXX good diversifiers for each other?
Yes. With a correlation of -0.32, LGIH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LGIH and VXX?
As of 2026-08-27, the correlation of weekly returns between LGIH and VXX is -0.32 over 3 years, -0.19 over 1 year and -0.36 over 5 years.
Is VXX a good diversifier for LGIH?
Yes. With a correlation of -0.32, LGIH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 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/lgih-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lgih-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LGIH correlations · VXX correlations
