LPX vs VXX: Correlation
Measured on weekly returns over the past three years, Louisiana-Pacific Corporation (LPX) 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 LPX and VXX?
Over the past 3 years, LPX and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.23 versus -0.38 over 3 years. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -871.6 %².
VXX is close to the least connected end of LPX's tracked universe, ranking #19 of 20. Correlation aside, the last 12 months split them widely, with LPX ahead by 24.4 points (-25.3% versus -49.7%). Note the risk asymmetry: VXX runs 1.6 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.
LPX vs VXX: side by side
| LPX (Louisiana-Pacific Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -25.3% | -49.7% |
| 5-year return | +15.9% | -95.6% |
| Volatility (ann.) | 37.4% | 60.9% |
| Beta vs S&P 500 | 1.15 | -3.31 |
| Max drawdown (3Y) | -43.1% | -83.3% |
| Market cap | $4.9B | – |
| P/E (trailing) | 93.1 | – |
| Dividend yield | 1.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPX | VXX |
|---|---|---|
| 2022 | -23.4% | -23.8% |
| 2023 | +21.5% | -72.5% |
| 2024 | +47.9% | -26.2% |
| 2025 | -21.0% | -42.2% |
| 2026 | -11.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX 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 LPX and VXX?
The LPX/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.23, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LPX?
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?
On the −1 to +1 scale, -0.38 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/lpx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LPX correlations · VXX correlations
