LMNR vs VXX: Correlation
Limoneira Co (LMNR) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMNR and VXX?
On 3 years of weekly data the LMNR/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.25 over 3. The 5-year figure is -0.13, and annualized covariance runs at -480.6 %².
VXX is close to the least connected end of LMNR's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months LMNR outperformed by 35.5 percentage points (-14.2% for LMNR against -49.7% for VXX). One caveat on sizing: VXX is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LMNR vs VXX: side by side
| LMNR (Limoneira Co) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -14.2% | -49.7% |
| 5-year return | -8.4% | -95.6% |
| Volatility (ann.) | 32.1% | 60.9% |
| Beta vs S&P 500 | 0.61 | -3.31 |
| Max drawdown (3Y) | -58.1% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LMNR | VXX |
|---|---|---|
| 2022 | -16.7% | -23.8% |
| 2023 | +72.0% | -72.5% |
| 2024 | +20.2% | -26.2% |
| 2025 | -47.3% | -42.2% |
| 2026 | +7.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMNR and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, LMNR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LMNR and VXX?
As of 2026-08-27, the correlation of weekly returns between LMNR and VXX is -0.25 over 3 years, -0.16 over 1 year and -0.13 over 5 years.
Is VXX a good diversifier for LMNR?
Yes. With a correlation of -0.25, LMNR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/lmnr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lmnr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LMNR correlations · VXX correlations
