LNSR vs VXX: Correlation
LENSAR, Inc. (LNSR) 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 -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNSR and VXX?
Over the past 3 years, LNSR and VXX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -884.9 %².
Out of 12 assets tracked against LNSR, VXX lands near the bottom at #10. The last year tells two different stories: LNSR led by 19.1 percentage points, -30.6% for LNSR against -49.7% for VXX.
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.
LNSR vs VXX: side by side
| LNSR (LENSAR, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -30.6% | -49.7% |
| 5-year return | +5.0% | -95.6% |
| Volatility (ann.) | 70.5% | 60.9% |
| Beta vs S&P 500 | 1.09 | -3.31 |
| Max drawdown (3Y) | -70.3% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 42.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNSR | VXX |
|---|---|---|
| 2022 | -50.6% | -23.8% |
| 2023 | +18.6% | -72.5% |
| 2024 | +154.7% | -26.2% |
| 2025 | +30.1% | -42.2% |
| 2026 | -27.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNSR and VXX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LNSR and VXX?
The LNSR/VXX correlation stands at -0.21 on a 3-year window (1 year: -0.20, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LNSR?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/lnsr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnsr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LNSR correlations · VXX correlations
