LPL vs VXX: Correlation
Measured on weekly returns over the past three years, LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPL and VXX?
Over the past 3 years, LPL and VXX moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.41). Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -1081.3 %².
Out of 11 assets tracked against LPL, VXX lands near the bottom at #11. The last year tells two different stories: LPL led by 26.3 percentage points, -23.4% for LPL 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.
LPL vs VXX: side by side
| LPL (LG Display Co, Ltd AMERICAN DEPOSITORY SHARES) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.4% | -49.7% |
| 5-year return | -62.1% | -95.6% |
| Volatility (ann.) | 43.3% | 60.9% |
| Beta vs S&P 500 | 1.27 | -3.31 |
| Max drawdown (3Y) | -52.8% | -83.3% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPL | VXX |
|---|---|---|
| 2022 | -50.9% | -23.8% |
| 2023 | -2.8% | -72.5% |
| 2024 | -36.3% | -26.2% |
| 2025 | +37.1% | -42.2% |
| 2026 | -20.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPL and VXX good diversifiers for each other?
Yes. With a correlation of -0.41, LPL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LPL and VXX?
The LPL/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.52, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LPL?
Yes. With a correlation of -0.41, LPL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 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/lpl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LPL correlations · VXX correlations
