LXFR vs VXX: Correlation
Measured on weekly returns over the past three years, Luxfer Holdings PLC (LXFR) 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 LXFR and VXX?
Over the past 3 years, LXFR and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. Over 5 years the correlation is -0.37, and the annualized covariance of weekly returns is -1017.3 %².
Out of 11 assets tracked against LXFR, VXX lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months LXFR outperformed by 81.3 percentage points (+31.6% for LXFR against -49.7% for VXX).
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.
LXFR vs VXX: side by side
| LXFR (Luxfer Holdings PLC) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.6% | -49.7% |
| 5-year return | -1.2% | -95.6% |
| Volatility (ann.) | 44.1% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -42.1% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 35.0 | – |
| Dividend yield | 3.03% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXFR | VXX |
|---|---|---|
| 2022 | -26.6% | -23.8% |
| 2023 | -32.3% | -72.5% |
| 2024 | +53.9% | -26.2% |
| 2025 | +7.8% | -42.2% |
| 2026 | +30.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXFR and VXX good diversifiers for each other?
Yes. With a correlation of -0.38, LXFR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LXFR and VXX?
As of 2026-08-27, the correlation of weekly returns between LXFR and VXX is -0.38 over 3 years, -0.39 over 1 year and -0.37 over 5 years.
Is VXX a good diversifier for LXFR?
Yes. With a correlation of -0.38, LXFR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/lxfr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lxfr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LXFR correlations · VXX correlations
