LITE vs VXX: Correlation
Lumentum (LITE) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and VXX?
Over the past 3 years, LITE and VXX moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.33 versus -0.52 over 3 years. Over 5 years the correlation is -0.45, and the annualized covariance of weekly returns is -2064.2 %².
Among the 34 assets we track against LITE, VXX sits near the bottom by co-movement, at rank #34. Correlation aside, the last 12 months split them widely, with LITE ahead by 709.5 points (+659.8% versus -49.7%).
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.
LITE vs VXX: side by side
| LITE (Lumentum) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +659.8% | -49.7% |
| 5-year return | +998.1% | -95.6% |
| Volatility (ann.) | 65.5% | 60.9% |
| Beta vs S&P 500 | 2.36 | -3.31 |
| Max drawdown (3Y) | -50.6% | -83.3% |
| Market cap | $85.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | LITE | VXX |
|---|---|---|
| 2022 | -50.7% | -23.8% |
| 2023 | +0.5% | -72.5% |
| 2024 | +60.1% | -26.2% |
| 2025 | +339.1% | -42.2% |
| 2026 | +159.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
FAQ
What is the correlation between LITE and VXX?
The LITE/VXX correlation stands at -0.52 on a 3-year window (1 year: -0.33, 5 years: -0.45), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LITE?
By historical standards, yes. A correlation of -0.52 means the two rarely move for the same reasons.
What does a correlation of -0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lite-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lite-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LITE correlations · VXX correlations
