LIND vs VXX: Correlation
How closely do Lindblad Expeditions Holdings Inc. (LIND) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIND and VXX?
On 3 years of weekly data the LIND/VXX correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.30 versus -0.41 over 3 years. The 5-year figure is -0.38, and annualized covariance runs at -1674.4 %².
Among the 11 assets we track against LIND, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months LIND outperformed by 150.1 percentage points (+100.4% for LIND 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.
LIND vs VXX: side by side
| LIND (Lindblad Expeditions Holdings Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +100.4% | -49.7% |
| 5-year return | +102.2% | -95.6% |
| Volatility (ann.) | 67.7% | 60.9% |
| Beta vs S&P 500 | 1.97 | -3.31 |
| Max drawdown (3Y) | -43.8% | -83.3% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIND | VXX |
|---|---|---|
| 2022 | -50.6% | -23.8% |
| 2023 | +46.4% | -72.5% |
| 2024 | +5.2% | -26.2% |
| 2025 | +21.6% | -42.2% |
| 2026 | +108.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIND and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between LIND and VXX?
The LIND/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.30, 5 years: -0.38), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LIND?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
A reading of -0.41 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/lind-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lind-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIND correlations · VXX correlations
