LUNR vs VXX: Correlation
Intuitive Machines, Inc. (LUNR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUNR and VXX?
Across a 3-year window, the weekly returns of LUNR and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -2260.0 %².
Among the 12 assets we track against LUNR, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months LUNR outperformed by 129.7 percentage points (+80.0% for LUNR against -49.7% for VXX). One caveat on sizing: LUNR is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LUNR vs VXX: side by side
| LUNR (Intuitive Machines, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +80.0% | -49.7% |
| 5-year return | +67.7% | -95.6% |
| Volatility (ann.) | 109.4% | 60.9% |
| Beta vs S&P 500 | 3.31 | -3.31 |
| Max drawdown (3Y) | -75.1% | -83.3% |
| Market cap | $2.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUNR | VXX |
|---|---|---|
| 2022 | +3.7% | -23.8% |
| 2023 | -74.4% | -72.5% |
| 2024 | +610.8% | -26.2% |
| 2025 | -10.6% | -42.2% |
| 2026 | -0.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUNR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between LUNR and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.32 over the last year and -0.17 over 5 years.
Is VXX a good diversifier for LUNR?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/lunr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lunr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LUNR correlations · VXX correlations
