LOOP vs VXX: Correlation
Loop Industries, Inc. (LOOP) 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 -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOOP and VXX?
Over the past 3 years, LOOP and VXX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.10 lands near the 3-year figure. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -873.8 %².
Among the 11 assets we track against LOOP, VXX sits near the bottom by co-movement, at rank #10. Over the last 12 months VXX came out ahead by 13.2 percentage points (-62.9% against -49.7%).
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.
LOOP vs VXX: side by side
| LOOP (Loop Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -62.9% | -49.7% |
| 5-year return | -93.8% | -95.6% |
| Volatility (ann.) | 73.7% | 60.9% |
| Beta vs S&P 500 | 0.96 | -3.31 |
| Max drawdown (3Y) | -87.5% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOOP | VXX |
|---|---|---|
| 2022 | -80.5% | -23.8% |
| 2023 | +58.2% | -72.5% |
| 2024 | -68.3% | -26.2% |
| 2025 | -16.7% | -42.2% |
| 2026 | -44.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOOP and VXX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOOP and VXX?
As of 2026-08-27, the correlation of weekly returns between LOOP and VXX is -0.19 over 3 years, -0.10 over 1 year and -0.17 over 5 years.
Is VXX a good diversifier for LOOP?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/loop-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/loop-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOOP correlations · VXX correlations
