LPLA vs VXX: Correlation
Measured on weekly returns over the past three years, LPL Financial Holdings Inc. (LPLA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPLA and VXX?
Over the past 3 years, LPLA and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.38). Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -805.4 %².
VXX is close to the least connected end of LPLA's tracked universe, ranking #22 of 22. The last year tells two different stories: LPLA led by 48.8 percentage points, -0.9% for LPLA against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LPLA vs VXX: side by side
| LPLA (LPL Financial Holdings Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -0.9% | -49.7% |
| 5-year return | +149.0% | -95.6% |
| Volatility (ann.) | 34.6% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -33.2% | -83.3% |
| Market cap | $28.4B | – |
| P/E (trailing) | 28.8 | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPLA | VXX |
|---|---|---|
| 2022 | +35.7% | -23.8% |
| 2023 | +5.9% | -72.5% |
| 2024 | +44.1% | -26.2% |
| 2025 | +9.8% | -42.2% |
| 2026 | +1.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPLA and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LPLA and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.10 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for LPLA?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
A reading of -0.38 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/lpla-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpla-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LPLA correlations · VXX correlations
