LULU vs VXX: Correlation
How closely do Lululemon Athletica (LULU) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LULU and VXX?
Across a 3-year window, the weekly returns of LULU and VXX correlate at -0.33, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.33). Stretching to 5 years gives -0.33, with an annualized covariance of -835.5 %².
VXX is close to the least connected end of LULU's tracked universe, ranking #34 of 34. On 12-month performance LULU holds a 5.6-point edge, -44.1% against -49.7%.
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.
LULU vs VXX: side by side
| LULU (Lululemon Athletica) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -44.1% | -49.7% |
| 5-year return | -72.3% | -95.6% |
| Volatility (ann.) | 41.8% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -79.4% | -83.3% |
| Market cap | $13.1B | – |
| P/E (trailing) | 9.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LULU | VXX |
|---|---|---|
| 2022 | -18.2% | -23.8% |
| 2023 | +59.6% | -72.5% |
| 2024 | -25.2% | -26.2% |
| 2025 | -45.7% | -42.2% |
| 2026 | -44.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LULU and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between LULU and VXX?
The LULU/VXX correlation stands at -0.33 on a 3-year window (1 year: -0.48, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LULU?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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/lulu-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lulu-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LULU correlations · VXX correlations
