LPG vs VXX: Correlation
Measured on weekly returns over the past three years, Dorian LPG Ltd. (LPG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPG and VXX?
Across a 3-year window, the weekly returns of LPG and VXX correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.30 over 3 years. Stretching to 5 years gives -0.31, with an annualized covariance of -847.4 %².
VXX is close to the least connected end of LPG's tracked universe, ranking #11 of 11. The last year tells two different stories: LPG led by 118.0 percentage points, +68.3% for LPG 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.
LPG vs VXX: side by side
| LPG (Dorian LPG Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +68.3% | -49.7% |
| 5-year return | +725.0% | -95.6% |
| Volatility (ann.) | 47.1% | 60.9% |
| Beta vs S&P 500 | 0.96 | -3.31 |
| Max drawdown (3Y) | -62.9% | -83.3% |
| Market cap | $2.1B | – |
| P/E (trailing) | 6.4 | – |
| Dividend yield | 6.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPG | VXX |
|---|---|---|
| 2022 | +109.6% | -23.8% |
| 2023 | +171.4% | -72.5% |
| 2024 | -37.8% | -26.2% |
| 2025 | +9.8% | -42.2% |
| 2026 | +116.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPG and VXX good diversifiers for each other?
Yes. With a correlation of -0.30, LPG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LPG and VXX?
As of 2026-08-27, the correlation of weekly returns between LPG and VXX is -0.30 over 3 years, -0.13 over 1 year and -0.31 over 5 years.
Is VXX a good diversifier for LPG?
Yes. With a correlation of -0.30, LPG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lpg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LPG correlations · VXX correlations
