LWLG vs VXX: Correlation
Lightwave Logic, Inc. (LWLG) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LWLG and VXX?
On 3 years of weekly data the LWLG/VXX correlation comes out at -0.26, 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 -0.26 over 3 years. The 5-year figure is -0.30, and annualized covariance runs at -1775.9 %².
Among the 12 assets we track against LWLG, VXX sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months LWLG outperformed by 112.8 percentage points (+63.1% for LWLG against -49.7% for VXX). Risk is not evenly split, since LWLG carries 1.8 times the volatility of the other side.
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.
LWLG vs VXX: side by side
| LWLG (Lightwave Logic, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +63.1% | -49.7% |
| 5-year return | -48.5% | -95.6% |
| Volatility (ann.) | 110.8% | 60.9% |
| Beta vs S&P 500 | 2.43 | -3.31 |
| Max drawdown (3Y) | -87.7% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LWLG | VXX |
|---|---|---|
| 2022 | -71.0% | -23.8% |
| 2023 | +15.5% | -72.5% |
| 2024 | -57.8% | -26.2% |
| 2025 | +54.3% | -42.2% |
| 2026 | +81.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LWLG and VXX good diversifiers for each other?
Yes. With a correlation of -0.26, LWLG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LWLG and VXX?
The LWLG/VXX correlation stands at -0.26 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 LWLG?
Yes. With a correlation of -0.26, LWLG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lwlg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lwlg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LWLG correlations · VXX correlations
