LYB vs VXX: Correlation
How closely do LyondellBasell (LYB) 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 -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYB and VXX?
Over the past 3 years, LYB and VXX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.27 versus -0.19 over 3 years. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -380.4 %².
Among the 36 assets we track against LYB, VXX sits near the bottom by co-movement, at rank #32. Their recent paths diverged sharply: over the last 12 months LYB outperformed by 68.8 percentage points (+19.1% for LYB against -49.7% for VXX). Note the risk asymmetry: VXX runs 1.8 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.
LYB vs VXX: side by side
| LYB (LyondellBasell) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.1% | -49.7% |
| 5-year return | -12.8% | -95.6% |
| Volatility (ann.) | 33.7% | 60.9% |
| Beta vs S&P 500 | 0.42 | -3.31 |
| Max drawdown (3Y) | -55.4% | -83.3% |
| Market cap | $20.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.58% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LYB | VXX |
|---|---|---|
| 2022 | -1.0% | -23.8% |
| 2023 | +20.7% | -72.5% |
| 2024 | -17.4% | -26.2% |
| 2025 | -36.0% | -42.2% |
| 2026 | +50.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYB and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LYB and VXX?
As of 2026-08-27, the correlation of weekly returns between LYB and VXX is -0.19 over 3 years, 0.27 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for LYB?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/lyb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYB correlations · VXX correlations
