LLYVA vs VXX: Correlation
Liberty Live Holdings, Inc. - Series A Liberty Live Group (LLYVA) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVA and VXX?
On 3 years of weekly data the LLYVA/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -712.6 %².
VXX is close to the least connected end of LLYVA's tracked universe, ranking #11 of 12. Correlation aside, the last 12 months split them widely, with LLYVA ahead by 56.1 points (+6.4% versus -49.7%). Risk is not evenly split, since VXX carries 2.0 times the volatility of the other side.
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.
LLYVA vs VXX: side by side
| LLYVA (Liberty Live Holdings, Inc. - Series A Liberty Live Group) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +6.4% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 30.7% | 60.9% |
| Beta vs S&P 500 | 0.99 | -3.31 |
| Max drawdown (3Y) | -24.4% | -83.3% |
| Market cap | $9.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LLYVA | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +82.1% | -26.2% |
| 2025 | +22.4% | -42.2% |
| 2026 | +22.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVA and VXX good diversifiers for each other?
Yes. With a correlation of -0.38, LLYVA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LLYVA and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.30 over the last year and n/a over 5 years.
Is VXX a good diversifier for LLYVA?
Yes. With a correlation of -0.38, LLYVA and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 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/llyva-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/llyva-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LLYVA correlations · VXX correlations
