LTC vs VXX: Correlation
Measured on weekly returns over the past three years, LTC Properties, Inc. (LTC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTC and VXX?
Across a 3-year window, the weekly returns of LTC and VXX correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.28 over 3 years. Stretching to 5 years gives -0.30, with an annualized covariance of -306.0 %².
VXX is close to the least connected end of LTC's tracked universe, ranking #13 of 14. Correlation aside, the last 12 months split them widely, with LTC ahead by 68.3 points (+18.6% versus -49.7%). Note the risk asymmetry: VXX runs 3.4 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.
LTC vs VXX: side by side
| LTC (LTC Properties, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +18.6% | -49.7% |
| 5-year return | +63.7% | -95.6% |
| Volatility (ann.) | 17.7% | 60.9% |
| Beta vs S&P 500 | 0.22 | -3.31 |
| Max drawdown (3Y) | -14.5% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTC | VXX |
|---|---|---|
| 2022 | +10.5% | -23.8% |
| 2023 | -3.2% | -72.5% |
| 2024 | +14.9% | -26.2% |
| 2025 | +6.2% | -42.2% |
| 2026 | +23.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTC and VXX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LTC and VXX?
The LTC/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.10, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LTC?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/ltc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ltc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LTC correlations · VXX correlations
