LOW vs VXX: Correlation
Lowe's (LOW) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and VXX?
On 3 years of weekly data the LOW/VXX correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.37, and annualized covariance runs at -537.6 %².
Out of 46 assets tracked against LOW, VXX lands near the bottom at #45. Their recent paths diverged sharply: over the last 12 months LOW outperformed by 31.3 percentage points (-18.4% for LOW against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.5 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.
LOW vs VXX: side by side
| LOW (Lowe's) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.4% | -49.7% |
| 5-year return | +11.1% | -95.6% |
| Volatility (ann.) | 24.8% | 60.9% |
| Beta vs S&P 500 | 0.83 | -3.31 |
| Max drawdown (3Y) | -29.0% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | 17.8 | – |
| Dividend yield | 2.31% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LOW | VXX |
|---|---|---|
| 2022 | -21.5% | -23.8% |
| 2023 | +14.0% | -72.5% |
| 2024 | +13.0% | -26.2% |
| 2025 | -0.3% | -42.2% |
| 2026 | -12.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOW and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.27 over the last year and -0.37 over 5 years.
Is VXX a good diversifier for LOW?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/low-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/low-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOW correlations · VXX correlations
