LMAT vs VXX: Correlation
LeMaitre Vascular, Inc. (LMAT) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMAT and VXX?
Across a 3-year window, the weekly returns of LMAT and VXX correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.27). Stretching to 5 years gives -0.25, with an annualized covariance of -580.2 %².
Out of 14 assets tracked against LMAT, VXX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months LMAT outperformed by 33.8 percentage points (-15.9% for LMAT against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LMAT vs VXX: side by side
| LMAT (LeMaitre Vascular, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -15.9% | -49.7% |
| 5-year return | +47.2% | -95.6% |
| Volatility (ann.) | 35.0% | 60.9% |
| Beta vs S&P 500 | 0.57 | -3.31 |
| Max drawdown (3Y) | -32.5% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | 27.9 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LMAT | VXX |
|---|---|---|
| 2022 | -7.4% | -23.8% |
| 2023 | +24.6% | -72.5% |
| 2024 | +63.6% | -26.2% |
| 2025 | -11.2% | -42.2% |
| 2026 | -1.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMAT and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between LMAT and VXX?
As of 2026-08-27, the correlation of weekly returns between LMAT and VXX is -0.27 over 3 years, 0.01 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for LMAT?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/lmat-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lmat-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LMAT correlations · VXX correlations
