LLYVK vs VXX: Correlation
How closely do Liberty Live Holdings, Inc. - Series C Liberty Live Group (LLYVK) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVK and VXX?
On 3 years of weekly data the LLYVK/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.26) runs above the 3-year figure (-0.38). The 5-year figure is n/a, and annualized covariance runs at -708.7 %².
Out of 13 assets tracked against LLYVK, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months LLYVK outperformed by 56.8 percentage points (+7.1% for LLYVK against -49.7% for VXX). 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.
LLYVK vs VXX: side by side
| LLYVK (Liberty Live Holdings, Inc. - Series C Liberty Live Group) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.1% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 30.9% | 60.9% |
| Beta vs S&P 500 | 0.96 | -3.31 |
| Max drawdown (3Y) | -24.1% | -83.3% |
| Market cap | $9.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LLYVK | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +82.0% | -26.2% |
| 2025 | +22.2% | -42.2% |
| 2026 | +24.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between LLYVK and VXX?
The LLYVK/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LLYVK?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
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/llyvk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/llyvk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LLYVK correlations · VXX correlations
